  Russia could suspend loans to foreign countries amid economic recession January 18, 2016 - 17:51 AMT PanARMENIAN.Net - Russia could suspend loans to foreign countries as its own budget continues to be strained by economic recession, the Interfax news agency reported Monday, January 18, citing Deputy Finance Minister Sergei Storchak. "The budget is strained, more than strained. I think we are in a situation where we are forced to take a break from issuing new loans," Storchak said. Given the current state of the national budget, the undertaking of new obligations involves increased risk, he added, according to the Moscow Times. Russia's federal budget for this year, based on oil prices of $50 per barrel, will likely face problems as the oil price continue to drop dramatically. As of Monday morning, the price of Brent crude fell to $28 dollars per barrel following the lifting of sanctions against Iran. Storchak also said that negotiations on Russia's $5 billion loan to Iran were continuing and that no final decision had been made yet. Last year, Iran requested a $5 billion loan from Russia for the implementation of joint projects, including the construction of power plants and development of railways.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Related sections Latest news Pasadena to host Armenian Genocide commemoration event  The Pasadena Armenian Coalition will host its community-wide Armenian Genocide Commemorative Event.Armenia: Opposition activist transferred to Investigative Committee Activist Samvel Vardanyan has been accused of insulting the lawmaker Hakob Aslanyan from the ruling Civil Contract party.Former Pashinyan envoy urges end to Genocide speculation Marukyan has urged authorities in Armenia stop discussions about verifying the names of 1.5 million victims.Azerbaijan, Jordan sign deal on defense cooperation Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement. |
