KUDRIN: ARMENIA APPLIES TO RUSSIA FOR STABILIZATION LOAN

ARKA
Jan 22, 2009

YEREVAN, January 22. /ARKA/. Armenia has applied to Russia for a
stabilization loan to mitigate the consequences of the global crisis
and negotiations are under way, Russian Vice-Premier and Minister of
Finance Aleksey Kudrin told RIA Novosti agency.

Kudrin has not mentioned the amount and the terms of the possible
loan pending the completion of the negotiations.

Earlier Armenian Premier Tigran Sargsyan told ARKA Agency that
Armenia and Russia continue consultations to jointly counteract
the global crisis and reported that at the end of December Armenian
Minister of Finance Tigran Davtyan returned from Moscow where he had
a meeting with his Russian counterpart. The Premier also said that
the Minister and his team came back with quite promising results. He
stressed that the consultations will go on and pointed out Armenia’s
interest in expanding cooperation with its strategic partner. The
cooperation potential is huge and it is not used in full, the Premier
said.