Published: Tue, October 10, 2017
Health | By Jay Jacobs

U.S. approves $15 billion sale of THAAD missile system to Saudi Arabia

U.S. approves $15 billion sale of THAAD missile system to Saudi Arabia

Russian Federation and Saudi Arabia have signed an agreement on the purchase of Russia's S-400 missile system, a defense cooperation official said Monday.

US President Donald Trump is expected to announce new US responses to Iran's missile tests - which Iran sees as an essential defence - support for "terrorism" and cyber operations as part of his new Iran strategy, the White House said on Friday.

The amount of the deal, its timing and other details have not been specified.

Saudi Arabia plans to establish a media office in Moscow to boost communications and cultural exchange following monarch King Salman's state visit.

Energy Minister Khalid al-Falih said Saudi Arabia was "flexible" regarding Moscow's suggestion to extend the pact until the end of next year.

Both Washington and Saudi Arabia accuse Tehran of aggressive and disruptive behavior in the region.

"We are certain that the further strengthening of Russian-Saudi relations will have a positive impact on strengthening stability and security in the region and the world".

"The sanctions imposed on Russian Federation by the West only concern Russian Federation and the West" he added.

"This sale furthers US national security and foreign policy interests, and supports the long-term security of Saudi Arabia and the Gulf region in the face of Iranian and other regional threats", the statement said.

Saudi Arabian Military Industries (SAMI) has signed a Memorandum of Understanding (MoU) with Russia's state company Rosoboronexport for procurement of several armament systems.

The two countries also signed a deal to set up a $1 billion joint investment fund.

Absent from the slew of deals was any agreement on Saudi Aramco taking a stake in an Arctic liquefied natural gas project run by Russia's Novatek.

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