09/02/2009 18:56
Russia to provide state loan to Armenia
Armenian and Russian Governments have agreed to sign agreement on «Providing state loan to Armenia».
According to the information available in the website of Armenian Ministry of Finance, Russia is going to provide Armenia with a state loan of 500.0 million dollars to mitigate the impact of the world financial-economic crisis on Armenian economy. The loan has been provided on 15-year term.
The financial agreement imposes no financial liabilities on Armenia and the loan will be provided on comparatively soft terms.