New anti-aircraft missile system S-550 is being created in Russia, the Russian Defence Ministry said. This reported by Sputnik.

The statement indicates that at the meetings in Sochi, which took place on 1-3 November, Russian President Vladimir Putin "made a special emphasis on the importance of the advanced development of domestic air defense-missile defense systems, and deliveries of the S-350, S-500, S-550 to the Armed Forces."

The ministry does not provide any details about the new system.

The S-550 high-mobility terminal air defense system was being developed in the Soviet Union in 1981-1988. The project, along with many others, was closed as part of Soviet-US military agreements of that period. The equipment installed on the system’s prototype was dismantled after 1992. The project’s groundwork was destroyed after the collapse of the Soviet Union.