Turkish defense company Baykar has ruled out the possible supply of its Bayraktar drones to Russia, the company's CEO Haluk Bayraktar told BBC Russian Service.

Bayraktar said that money and material values are not a priority for the company.

"Our friendship and cooperation with Ukraine has lasted for many years. So no matter how much money they offer us, frankly, it's out of the question to hand them over in this situation," Baykar's head said when asked by journalists about the possibility of selling the drones to Moscow.

Bayraktar added that his company fully supports Ukraine and "nothing will overshadow cooperation" with that country, "no matter how much money is offered."