On October 12 the government that is armenian authorized a proposition to signal an understanding “between the us government of this Republic of Armenia plus the federal Government of this Russian Federation to give a situation export loan.” Armenia is by using the mortgage, which values 100 million US dollars, to acquire modern hands from Russia.
Based on the agreement, the mortgage will be paid back over 15 years (2023-2037) at a 3 percent interest. Armenia should be able to utilize the loan throughout the duration 2018-2022.
Interestingly, this is basically the loan that is second of kind Armenia has gotten from Russia since 2015. The past loan had been for 200 million US dollars and had been used to get advanced Russian tools. Continue reading How come Armenia Borrowing Another 100 Million US Dollars From Russia? Interestingly, this is basically the loan that is second of type Armenia has gotten from Russia since 2015.