Iran agreed a secret €500 million arms deal in December with Russia to acquire thousands of advanced shoulder-fired missiles - FT.

Feb 22, 2026, 4:04:14 PM UTC(7 hours ago)
Impact: Medium

Affected Assets

  • Iran agreed a secret €500 million arms deal in December with Russia to acquire thousands of advanced shoulder-fired missiles - FT.
  • Iran agreed to a secret €500 million arms deal with Russia in December to acquire advanced shoulder-fired missiles, according to the Financial Times.
  • This deal follows reports of Iran supplying Russia with billions of dollars worth of missiles and drones since 2021, aiding Russia's war in Ukraine.
  • Estimates of the total value of Iranian arms supplied to Russia since 2021 range from $2.7 billion to $4 billion.
  • The increased military collaboration between Iran and Russia is seen as a threat to regional stability.

Sources

IRAN AGREED SECRET SHOULDER-FIRED MISSILE DEAL WITH RUSSIA - FT IRAN AGREED A SECRET €500MN ARMS DEAL IN DECEMBER WITH RUSSIA TO ACQUIRE THOUSANDS OF ADVANCED SHOULDER-FIRED MISSILES- FT
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