Russia to start shipping arms to Armenia under $100mln loan in 2018March 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 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 | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. 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. |