RUSSIA TO EXTEND $500MLN STABILIZATION CREDIT TO ARMENIA
ARKA
Feb 5, 2009
YEREVAN, February 5. /ARKA/. Russia will extend a $500mln stabilization
credit to Armenia to survive the global economic crisis, RF Minister
of Finance Alexey Kudrin stated yesterday.
Speaking before representatives of the British business community,
he pointed out that Russia is ready to render assistance to the other
CIS member-countries, RIA Novosti reports.
"We will assist the neighboring countries we are working with,"
Kudrin said.
Among the countries are Belarus, which will receive $2bln, Kyrgyzstan
(over $2bln) and Armenia ($500mln).
Other countries are applying to Russia as well, the Minister said.
Late last month Kudrin reported that Armenia applied to Russia for
a stabilization credit. No amount was cited.