Armenia And Russia Sign Loan Agreement

Emil Lazarian News

ARMENIA AND RUSSIA SIGN LOAN AGREEMENT

ANS PRESS/
09.02.2009 19:59

Official Yerevan has denied it undertook any non-financial commitment
before Moscow in return for USD 500 million worth loans.

Armenia and Russia have signed the USD 500 million worth loan agreement
in an attempt to cope with the effects of the world financial crisis. A
spokesperson for the Armenian Finance Ministry informed that the
loans to Armenian government will be allocated on more milder terms
than current terms in the world markets. The loans are intended for
15 years.

The Armenian Finance Ministry stated that the Russian loan allocation
did not pose any non-financial commitments before Armenia. It was
reported earlier that a large array of political conditions including
joining the Rubl Zone were laid down before official Yerevan.

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