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
Iran Holds Massive War Games Near Armenian, Azeri Borders
Putin Invites Pashinyan, Aliyev for Talks, Slams Macron
Armenian Man Arrested In Russia Over Crimea Bridge Blast
U.S. Again Calls on Azerbaijan to Pull Back Troops in Armenia
Russia Calls on Azerbaijan to Pull Back Troops in Armenia
France Demands Withdrawal of Azerbaijani Forces from Armenia
Aliyev Says No One or Nothing Can Stop His Forces
CSTO Secretary-General Arrives in Armenia as Putin Calls for Restraint
Tehran Vows Strong Resistance Against Effort to Damage Iran-Armenia Border
Aliyev Anticipates Yerevan-Baku Peace Treaty Will be Signed in a Few Months