Russia Thursday denied reports that it agreed to deliver S-300 air defence systems to Azerbaijan.

'There is no contract between Russia and Azerbaijan on the delivery of S-300 air defence systems to this country,' a spokesman for state arms exporter Rosoboronexport said.

Russian business daily Vedomosti said earlier Thursday that Rosoboronexport signed an agreement with the Azerbaijani Defence Ministry on the delivery of two S-300PMU-2 Favorit (SA-20b Gargoyle b) battalions last year.

--IANS/RIA Novosti

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