Malaysia wants Norway to speed up missile deal refund

Ranked News

📰 Malaysia

Malaysia wants Norway to speed up missile deal refund 6h ago

The Star

Malaysia is urging Norway to expedite a refund for a cancelled missile deal, with Defence Minister Datuk Seri Mohamed Khaled Nordin stating that Norway's refusal to approve an export license for the Naval Strike Missile (NSM) system is the direct cause of the issue. Malaysia incurred over RM600 million in direct losses, exceeding RM1 billion indirectly, due to this cancellation, funds that are crucial for acquiring an alternative missile system for the navy's Littoral Combat Ships. During a recent meeting, Mohamed Khaled conveyed to Norway's Defence Minister Tore O. Sandvik that Oslo should facilitate the refund process, potentially by advancing the payment before seeking reimbursement from the involved company, to maintain good bilateral relations. While Norway has apologized, Malaysia insists on pursuing compensation and other claims.

The Star Full Article

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