Armenia signs agreement with Russia on $100 mln defense loanNovember 1, 2017 - 11:56 AMT PanARMENIAN.Net - Moscow will soon supply Yerevan with a batch of weapons under the current contract, while the implementation of a new $100 million loan agreement, which has already been signed, will begin after the completion of all intergovernmental approvals, Armenian president Serzh Sargsyan has said. "We will implement the previous agreement by the end of the year and are expecting new supplies one of these days, and by the end of the year we will conclude all issues related to the previous agreement," Sargsyan said in an interview with RIA Novosti. "We have already signed a new agreement in Yerevan, it must go through all the Russian and Armenian authorities, then the ratification procedure, and afterwards we will start working with relevant manufacturers from the Russian side to implement this program." The state export credit will be provided for 20 years (including a five-year grace period) with a 3% annual interest rate. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. CSTO recognizes Armenia’s sovereign right to withdraw Tasmagambetov has said that if Armenia decides to leave the organization, “it will be the sovereign right of Armenia.” |