Armenia ratifies $100-million Russian defense loan agreement
Armenian lawmakers unanimously ratified today the $100-million defense loan agreement signed with Russia in Yerevan on October 24.
In accordance with the agreement, Russia will provide a state export loan to Armenia for supplying Russia-made military products to Armenia.
The loan will be provided at a three-percent annual interest rate for a 15-year period which begins in 2023 and ends in 2037, but the lent financial resources will be used already in 2018-2022.
The agreement was signed on October 24, 2017.