Armenia, Russia to sign $100 mln loan deal by year-end: minister October 30, 2017 - 14:40 AMT PanARMENIAN.Net - The Armenian government will by the end of the year approve a $100 million loan agreement for acquiring armament from Russia, finance minister Vardan Aramyan said on Monday, October 30, according to Aysor.am. "We'll sign the deal this year and implement it in 2018," Aramyan said. According to him, once the document is inked, the defense agencies of the two countries will sign "certain agreements." "There is some confidentiality here as no concrete products can be divulged for now," Aramyan said. The government had given preliminary approval to the agreement in mid-October. The state export credit will be provided for 20 years (including a five-year grace period) with a 3% annual interest rate.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
