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Kudrin: Armenia Applies To Russia For Stabilization Loan

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  • Kudrin: Armenia Applies To Russia For Stabilization Loan

    KUDRIN: ARMENIA APPLIES TO RUSSIA FOR STABILIZATION LOAN

    ARKA
    Jan 22, 2009

    YEREVAN, January 22. /ARKA/. Armenia has applied to Russia for a
    stabilization loan to mitigate the consequences of the global crisis
    and negotiations are under way, Russian Vice-Premier and Minister of
    Finance Aleksey Kudrin told RIA Novosti agency.

    Kudrin has not mentioned the amount and the terms of the possible
    loan pending the completion of the negotiations.

    Earlier Armenian Premier Tigran Sargsyan told ARKA Agency that
    Armenia and Russia continue consultations to jointly counteract
    the global crisis and reported that at the end of December Armenian
    Minister of Finance Tigran Davtyan returned from Moscow where he had
    a meeting with his Russian counterpart. The Premier also said that
    the Minister and his team came back with quite promising results. He
    stressed that the consultations will go on and pointed out Armenia's
    interest in expanding cooperation with its strategic partner. The
    cooperation potential is huge and it is not used in full, the Premier
    said.
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