Russia To Grant $500 Million Credit To Armenia

Emil Lazarian News

RUSSIA TO GRANT $500 MILLION CREDIT TO ARMENIA

PanARMENIAN.Net
05.02.2009 12:23 GMT+04:00

/PanARMENIAN.Net/ Russia will accommodate Armenia with a $500 million
stabilization loan to alleviate the negative impact of the global
financial crisis on the republic’s economy, Russia’s Minister of
Finance said.

"Russia will lend a helping hand to our neighbor states," Alexey
Kudrin said when addressing British entrepreneurs in London.

The list of the countries eligible for the assistance also includes
Belarus and Kyrgyzstan, which will receive $2 billion each.

Armenia requested for a crisis relief loan in late January. The amount
was not announced.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS