Russia to grant Armenia a loan for purchase of modern weapons

Thu 12 October 2017 07:18 GMT | 11:18 Local Time

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Russia will provide Armenia with a state export credit of $ 100 mln to purchase and finance supplies of modern weapons and military equipment.

According to Armenpress, the issue of signing a loan agreement between Armenia and Russia is included in the agenda of the meeting of the Armenian government on October 12.

According to the agreement, the state export loan of $100 million will be provided for a period of 20 years, 5 of which are preferential, with an annual interest rate of 3%.

It should be reminded that on June 26, 2015 Armenia signed a loan agreement with the government of the Russian Federation for the amount of $200 million for the purchase of weapons.

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