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The term of lease of the Gabala Radar Station extended

2012-09-28 13:00

The term of lease of the Gabala Radar Station in Azerbaijan will be extended to three years, but the financial part of the agreement for the period remains unchanged, the RIA Novosti reported.


He added that until the term of the agreement all the differences with the Azerbaijani side on the financial terms of the lease, and to develop a compromise agreement for a longer term.

Azeri Deputy Foreign Minister Araz Azimov reported last year that Baku wants to raise the rent. He expressed the view that the risks have increased and the importance of Gabala has also increased.

As recalled by the Vedomosti, an agreement to lease the Gabala Radar Station by Russia was signed in 2002; the term of lease expires on December 24, 2012. Russian Defense Ministry reported on negotiations with Azerbaijan to extend the lease of the Gabala Radar Station till 2025. Moscow hoped to conclude negotiations in June 2012, since the new agreement must be concluded no later than six months before the expiration of the old contract. However, the document has not yet been signed.


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