Armenian parliament to ratify Russian loan on arms

Armenian parliament to ratify Russian loan on arms

Armenian government proposed to hold an extraordinary meeting of the National Assembly (parliament) on July 2 for the ratification of the Armenian-Russian agreement on providing the Armenian side export loan.

"I want to remind you that this agreement refers only to military-technical cooperation," ARKA cited the head of the Armenian government staff, David Harutiunyan, as saying.

The announcement that Russia will provide Armenia with a $200 million loan to purchase new weapons was made after the meeting of Armenian President Serzh Sargsyan with the Russian minister for transportation and co-chair of the Armenian-Russian inter-governmental commission for economic cooperation, Maksim Sokolov.

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