ARMENIA REQUESTS USD 100 MILLION FROM RUSSIA FOR DIAMOND PROCESSING SPHERE DEVELOPMENT

/PanARMENIAN.Net/
25.12.2009 20:20 GMT+04:00

/PanARMENIAN.Net/ Armenia addressed Russia with a request to provide
additional funding of USD 100 million to be fully directed at diamond
processing sphere development, Armenian Prime Minister Tigran Sargsyan
told a news conference in Yerevan.

As he told a news conference in Yerevan, negotiations are being
conducted with Alrosa Russian company. Positive negotiation results
will allow to create necessary development conditions and provide
Armenian companies with Russian raw material. Yet, basic credit
load will be shifted on private sector, whose representatives are
participating in credit attraction negotiations, the Premier added.