RUSSIA WILL ISSUE ARMENIA WITH A $500 MILLION LOAN – PUTIN
Itar-Tass
Feb 27 2009
Russia
NOVO-OGARYOVO, February 27 (Itar-Tass) — Russia will issue Armenia
with a $500 million loan, Prime Minister Vladimir Putin told his
Armenian counterpart Tigran Sargsyan on Friday.
"We have almost finished consideration of the $500 million loan,"
he noted.
"Thereby we will implement our agreement; we just need the Russian
budget to be approved by the State Duma," Putin said. "I hope that
will happen in the near future, the budget will be amended and we
will give support to the Armenian economy."
Sargsyan thanked Putin for the financial aid. "That is a very
substantial sum for us. Thanks to this financial assistance we will
clean up the negative consequences of the world crisis," he said.
"The money will assist thousands of Armenian plants, in which Russia
has a stake. We can create a favorable macroeconomic environment for
them," Sargsyan said.