RUSSIAN USD 500 MILLION STEP OUT BRISKLY TO ARMENIA

/PanARMENIAN.Net/
27.05.2009 14:55 GMT+04:00

/PanARMENIAN.Net/ "Last week USD 500 million worth credit agreement
was signed for 15 years, and Russia will transfer money this week,"
said Mr. Kudrin during the meeting with RF president Dmitri Medvedev.

RF Finance minister reminded, that similar agreement with Kirgizia
was signed earlier: for 300 million lax credit and 150 million worth
grant. Those money have been already transferred, Kudrin said.

"In respect to our bilateral relations – with Kirgizia and Armenia,
we certainly have been helping and will help our close partners in the
framework of the decisions, adopted previously," president Medvedev
said, RIA Novosti reports.

Armenia’s and Russia’s finance ministers Aleksey Kudrin and Tigran
Davtyan signed an agreement on providing Armenia the 15-year loan at
LIBOR plus 3% to support the Armenian economy during the crisis.

From: Emil Lazarian | Ararat NewsPress