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RUSSIA DOES NOT FORGIVE ARMENIA'S DEBT
Russia has no intention of forgiving $500 million loan it gave to
Armenia in 2009, according to 'Haykakan Zhamanak'.
The daily says the Armenian government hoped that after the
announcement of Armenia's decision to join the Customs Union, the
Russian side would forgive that debt as 'a manifestation of good will'.
Armenia received the $500 million loan following long and tough
negotiations with Russia. The loan was provided on tough terms -
at an annual interest rate of 4%. It is considered one of Armenia's
heaviest debt burdens.
http://www.aysor.am/en/news/2013/09/13/haykakan-zhamanak2/
From: A. Papazian
Russia has no intention of forgiving $500 million loan it gave to
Armenia in 2009, according to 'Haykakan Zhamanak'.
The daily says the Armenian government hoped that after the
announcement of Armenia's decision to join the Customs Union, the
Russian side would forgive that debt as 'a manifestation of good will'.
Armenia received the $500 million loan following long and tough
negotiations with Russia. The loan was provided on tough terms -
at an annual interest rate of 4%. It is considered one of Armenia's
heaviest debt burdens.
http://www.aysor.am/en/news/2013/09/13/haykakan-zhamanak2/
From: A. Papazian