Navigate
X
    Emil Lazarian
  • 15 years ago
    • Categories: News

On June 11 Russian Credit Costing $500 Million Was Transferred To Ar

ON JUNE 11 RUSSIAN CREDIT COSTING $500 MILLION WAS TRANSFERRED TO ARMENIA

/PanARMENIAN.Net/
11.06.2009 19:03 GMT+04:00

/PanARMENIAN.Net/ Armenia has been provided with $500 million worth
Russian credit, Armenia’s finance minister Tigran Davtyan said at
the government sitting., adding that credit agreement has already
came into force.

On June 11 the $500 million worth Russian stabilizing credit was
transferred to the Armenian side, press office of RA ministry of
finance reports.

On May 20 Armenia’s and Russia’s finance ministers Aleksey Kudrin and
Tigran Davtyan signed an agreement on providing Armenia the 15-year
loan to support the Armenian economy during the crisis. Credit,
which Armenia receives in one tranche, is provided at a reduced rate,
approximately 4 per cent annually with a five-year preferential period.

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
Related Post
  1. Stand Up to Erdogan’s Assault on Democracy

    National Review Stand Up to Erdogan’s Assault on Democracy          The U.S. and the…

  2. RFE/RL Armenian Report – 05/18/2017

    Thursday, Sarkisian Vows To Work With All Forces As New Parliament Convenes . Ruzanna Stepanian…