Armenia, Russia to sign $100 mln loan deal by year-end: ministerOctober 30, 2017 - 14:40 AMT PanARMENIAN.Net - The Armenian government will by the end of the year approve a $100 million loan agreement for acquiring armament from Russia, finance minister Vardan Aramyan said on Monday, October 30, according to Aysor.am. "We'll sign the deal this year and implement it in 2018," Aramyan said. According to him, once the document is inked, the defense agencies of the two countries will sign "certain agreements." "There is some confidentiality here as no concrete products can be divulged for now," Aramyan said. The government had given preliminary approval to the agreement in mid-October. The state export credit will be provided for 20 years (including a five-year grace period) with a 3% annual interest rate. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |