Armenia negotiating USD 2 bln loan agreement with Russia – paper

Armenia negotiating USD 2 bln loan agreement with Russia – paper

PanARMENIAN.Net - According to 168 Zham daily, ex-Foreign Minister Vartan Oskanian stated a month ago that Armenia was negotiating a loan agreement at the amount of USD 1 bln with Russia.

Meanwhile, sources said the amount of the loans negotiated totaled USD 2 bln.

Deputy Minister of Finance Vardan Aramyan neither denied, nor confirmed the reports Aug. 22, noting that RA government is in constant search of ways to fill the budget deficit, the paper claims.

This incited disagreements within the ruling elite, with Prime Minister Tigran Sargsyan noting that the loan agreement will even further force Armenia into joining the Eurasian Union.

However, sources say President Serzh Sargsyan backs the idea, considering the possibility of the funds to shape better public attitude ahead of presidential elections, the paper says.

Partner news
 Top stories
Urban Development Minister Tadevosyan said underground construction works were to be carried out in the market.
Serzh Sargsyan addressed a letter of condolence to Barack Obama on the destruction caused by Oklahoma City tornado.
Hrach Berberyan: €2500 will be spent for the coverage of 1 hectare crop, whereas the price of one anti-hail station totals $30 000.
The asteroid is said to measure in at about 1.7-miles long and will be about 3.6 million miles away from Earth as it passes.
Partner news