Armenia to buy strategic deterrence weapon in Russia
According to the draft agreement, which the Armenian government approved on October 12, Moscow will provide Yerevan with a “state export credit to finance the supply of Russian-made military products”. The loan is issued with a maturity of 15 years under 3% per annum. The Armenian side should use the allocated funds in 2018 – 2022.
Earlier, President of the Republic Serzh Sargsyan told the agency that the agreement has already been signed and its implementation will begin after the completion of all interstate approvals.
According to him, the Russian arms market is very comfortable for Armenia.
He added that "preferential credit conditions make the Russian market even more attractive, since it allows supplying the armed forces of the country in accordance with long-term planning."
The minister also noted that the process of supplying Russian weapons in the framework of the previous loan of $ 200 million is proceeding as planned.
The previous loan of $ 200 million was granted to Armenia in June 2015.
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