The government of Armenia approved this agreement. While there is no specific date of signing. But, I hope, until the new year- said Toganyan
According to the draft agreement, which the Armenian government approved on October 12, the Russian Federation will provide the Armenian side with a state export credit to finance the supply of Russian-made military products. The Armenian side uses the loan to finance up to 90% of the value of each contract for the supply of products calculated in dollars. Prepayments should be at least 10% of the contract value and should be made by the Armenian side in favor of authorized Russian organizations.
The draft agreement states that the loan is issued with a maturity of 15 years under 3% per annum. Armenia should use loan funds in 2018 – 2022.
Earlier, Moscow has already granted Armenia a loan of $ 200 million for a period of 10 years. Yerevan purchases Smerch rocket launcher systems and ammunition for it, Igla-S air defense missile system and missiles for it, Avtobaz-M ground-based radio intelligence reconnaissance systems, TOS-1A heavy flame-thrower systems from Russia. Sunshine "with transport-charging vehicles TZM-T, 9М113М guided missiles, RPG-26 grenade launchers, B-429E detonators, Dragunov sniper rifles (SVD), armored vehicles, Tiger armored vehicles, Tiger equipment, communications equipment, and communications equipment, and means of communication and means of communication, armored vehicles, Tiger armored vehicles, engineering means and means of communication, Tiger equipment, means of communication and means of communication, armored vehicles, Tiger armored vehicles, engineering tools and means of communication, tangent artillery, T-gun, T-gun RIA News