Moscow allocated $ 100 million to Yerevan for arms purchases

Baku / 12.10.17 / Turan: Russia will provide Armenia with a new loan of $ 100 million for the acquisition of modern weapons and military equipment. The Armenian authorities approved a credit agreement on October 12, Armenian media reported. In accordance with the agreement, the loan will be issued for 20 years, of which 5 years - under preferential 3% per annum. At the same time Armenia will have to co-finance a loan in the amount of 10% of the total cost of the agreement.

The Armenian Defense Ministry and Rosoboronexport will conclude separate agreements on the order, timing of the supply of arms and military equipment, as well as their maintenance.

The Armenian side uses this loan in the period from 2018 to 2022.

In 2015 Armenia received an export credit for the purchase of Russian arms worth $ 200 million. Under this agreement, Armenia was supplied with the Smerch missile systems, Igla-S portable missiles, Avtobaz-M electronic intelligence systems, TOS-1A flamethrower systems, 9M113M guided missiles to the Tursun-M antitank system and the like. -02D-

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