By Asbarez | Wednesday, 11 October 2017
YEREVAN (Armenpress) – The Russian government is expected to provide Armenia with an additional export loan of $100 million for purchasing modern arms.
The ratification of the agreement between the Armenian and Russian governments has been included on the agenda of each Cabinet’s October 12 meeting.
According to the agreement, the loan repayment term is 20 years, 5 of which is a grace period with a 3 % annual interest rate.
Provisions of the agreement also state that a separate agreement will be signed between the Defense Ministry of Armenia and Rosoboronexport defining the terms and conditions of the deal.
Previously, a credit agreement of $200 million for arms purchases was signed with Russia on June 26, 2015.
comments
Azerbaijan Blocks Humanitarian Transport To and From Lachin Corridor
#TogetherForSyria Telethon Raises over $110,000 for Armenians In Syria
After Lachin Corridor Blockade, Putin Speaks to Pashinyan and Aliyev
Aliyev Signs Order Declaring Shushi Cultural Capital of Turkic World
Lemkin Institute Voices Support For Artsakh Rights to Self-Determination to Avoid Genocide
Tensions Escalate Between Iran and Azerbaijan
Moscow is Closely Coordinating Peace Treaty with Yerevan and Baku
Aliyev Criticism of Russian Peacekeepers and Iran Elicits Strong Reactions
Putin Says Yerevan Rejected His Plan to Cede Less Territory in Artsakh