ARMENIA HOPES TO GET LARGE STABILIZATION LOAN FROM RUSSIA
Interfax
Feb 3 2009
Russia
Russia could lend to Armenia from $500 million up to $1 billion,
Armenian parliament’s permanent economic commission chairman Vardan
Aivazian told journalists on Tuesday.
"Judging by the outcomes of the preliminary talks with Russia, Armenia
could get a loan from $500 million up to $1 billion. However, this
figure is not final, and everything will depend on the outcome of
talks," Aivazian said.
Asked whether Russia could demand that Armenia join the ruble zone
as a loan precondition, the MP said, "Everyone sets some conditions
when lending a sum to someone."
"Russia and Armenia are strategic partners. The loan will help increase
Russia’s political influence in Armenia. Most likely, Russia will
agree to grant us a loan," Aivazian said.
Armenia has asked Russia to grant a stabilization loan to counter
the effects of the global financial crisis. So far the officials have
not disclosed the sum and terms of the loan.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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