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Russia To Grant $500 Million Credit To Armenia

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  • Russia To Grant $500 Million Credit To Armenia

    RUSSIA TO GRANT $500 MILLION CREDIT TO ARMENIA

    PanARMENIAN.Net
    05.02.2009 12:23 GMT+04:00

    /PanARMENIAN.Net/ Russia will accommodate Armenia with a $500 million
    stabilization loan to alleviate the negative impact of the global
    financial crisis on the republic's economy, Russia's Minister of
    Finance said.

    "Russia will lend a helping hand to our neighbor states," Alexey
    Kudrin said when addressing British entrepreneurs in London.

    The list of the countries eligible for the assistance also includes
    Belarus and Kyrgyzstan, which will receive $2 billion each.

    Armenia requested for a crisis relief loan in late January. The amount
    was not announced.

    From: Emil Lazarian | Ararat NewsPress
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