Armenia Hopes To Get Large Stabilization Loan From Russia

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

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