There is no truth to reports that Russia agreed to deliver S-300 air defense systems to Azerbaijan, Russian state arms exporter Rosoboronexport said on Thursday.

"There is no contract between Russia and Azerbaijan on the delivery of S-300 air defense systems to this country," a Rosoboronexport spokesman said.

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