New Delhi, Feb. 23 -- Iran has agreed to a 500 million euros arms deal with Russia in one of its most significant moves to rebuild its air defence system destroyed during the brief conflict with Israel last year in which the US participated.

According to a report by the Financial Times, Iran and Russia signed the arms deal in December last year, months after the attacks destroyed its key air defence facilities.

The deal commits Moscow to deliver 500 man-portable "Verba" launch units, as well as 2,500 "9M336" missiles, as per leaked Russian documents cited by FT and several people who have knowledge of the deal.

Verba particularly gains attention in the deal as it is one of Russia's most modern air defence systems.

Under the Verba cont...