  Russia to start shipping arms to Armenia under $100mln loan in 2018 March 29, 2018 - 11:57 AMT PanARMENIAN.Net - Russia will begin supplying arms to Armenia under a new defense loan agreement worth $100 million in 2018, deputy director of the Federal Service for Military-Technical Cooperation Vladimir Drozhzhov told reporters on Thursday, March 29, according to RIA Novosti. Speaking at ArmHiTec-2018, an international exhibition of arms and defence technologies currently underway in Yerevan, the Russian official said the delivery is slated for this year. Armenian defense minister Vigen Sargsyan said earlier that Yerevan intends to acquire weapons of "strategic deterrence" from Moscow with the new loan. In December 2017, Armenian president Serzh Sargsyan signed the law on the ratification of the agreement on the $100 million defense loan with a maturity of 15 years. Besides, in June 2015, an agreement was signed to provide Armenia a state export credit worth $200 million to purchase Russian-made military products. 18 contracts were signed within the framework of the loan, Armenia’s defense ministry reportedly said.  Top stories The foreign ministers of Armenia and Azerbaijan, Ararat Mirzoyan and Jeyhun Bayramov, have arrived in Washington. The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. 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.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
