"The new mobile system is being developed as a version of the S-500 air defense system and will specialize in missile and anti-space defense tasks," one source said.

According to him, its capabilities are wider than that of the US missile defense systems - THAAD and Aegis.

Earlier, Russian Defense Minister Sergei Shoigu said that work is underway in Russia to create a new S-550 anti-aircraft missile system.