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Russia To Provide 500 Million USD Credit To Armenia

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  • Russia To Provide 500 Million USD Credit To Armenia

    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.
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