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