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Vladimir Putin: Approval of budget by Russian State Duma to allow Ar

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  • Vladimir Putin: Approval of budget by Russian State Duma to allow Ar

    VLADIMIR PUTIN: APPROVAL OF BUDGET BY RUSSIAN STATE DUMA TO ALLOW ARMENIA TO RECEIVE $500 MLN STABILIZATION CREDIT

    ArmInfo
    2009-02-28 13:26:00

    ArmInfo.'We have almost completed processing of the issue on extension
    of credit to Armenia to the sum of 500 mln dollars>, Russian Prime
    Minister Vladimir Putin said yesterday during the meeting with Prime
    Minister of Armenia Tigran Sarkisyan in Novo-Ogarevo. He expressed
    confidence in implementation of the agreements reached, that requires
    some changes in the country's state budget. According to V. Putin, the
    Russian government also schedules to support the Armenian economy. The
    Russian PM emphasized that he has recently met President of Armenia
    Serzh Sargsyan in Davos.

    'Despite all the difficulties, the goods turnover between the two
    countries grew by 10% in 2008 to $900 mln. The accumulated Russian
    investments to the economy of Armenia made up $1.8 bln.', Putin said.

    For his part, the Armenian PM thanked his Russian counterpart for
    support.

    'This is a very serious amount and we are sure that due to this
    assistance we shall be able to overcome the negative impacts of the
    global crisis', he emphasized and expressed confidence that these
    funds will enable to create a macroeconomic situation for the thousand
    enterprises with the Russian capital which efficiently operate in
    Armenia. T. Sarkisyan also said about his meeting held today with
    Cochairman of the Russian- Armenian intergovernmental Commission,
    Russian Transport Minister Igor Levitin. 'We have come to an agreement
    on all the issues of mutual interest', T. Sarkisyan emphasized. Today,
    the prime minister of Armenia left the Russian capital.

    From: Emil Lazarian | Ararat NewsPress
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