Bank Of Baku

Terms of $200 mln loan allocated to Armenia by Russia 80% fulfilled

Terms of $200 mln loan allocated to Armenia by Russia 80% fulfilled
# 28 June 2016 15:55 (UTC +04:00)

Baku – APA. The agreement on Russia’s provision of $200 million loan to Armenia is being fulfilled, Armenian Deputy Defense Minister Ara Nazaryan, according to Armenian media.

 

Answering questions form MPs at the parliament, Nazaryan said the agreement is 80% fulfilled.

 

The loan agreement is aimed at enabling Armenia to modernize military equipment. 

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THE OPERATION IS BEING PERFORMED