RUSSIA TO PROVIDE 500 MILLION USD CREDIT TO ARMENIA
ARMENPRESS
Feb 5, 2009
YEREVAN, FEBRAURY 5, ARMENPRESS: In conditions of world financial
crisis Russia is ready to support Armenia by providing stabilizing
credit. "In difficult moments Russia never leaves its close friends
and if there is an opportunity and especially financial, of course
it will help Armenia," Russian ambassador to Armenia Nikolay Pavlov
said today at a press conference.
According to him, Russia will provide Armenia credit amounting to
500 million USD. "Russia’s policy is to support its partners which
may be witnessed with the fact that Russia is going to provide 300
million USD to Kyrgyzstan," he pointed out.
Russia’s trade representative in Armenia Alexander Zaytsev said that
in conditions of the economic crisis the main issue is to continue
the functioning programs.
The Russian ambassador also added that it is planned to implement
uranium processing project in Armenia.