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Armenia negotiating USD 2 bln loan agreement with Russia - paper

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  • Armenia negotiating USD 2 bln loan agreement with Russia - paper

    Armenia negotiating USD 2 bln loan agreement with Russia - paper

    August 23, 2012 - 20:45 AMT

    PanARMENIAN.Net - According to 168 Zham daily, ex-Foreign Minister
    Vartan Oskanian stated a month ago that Armenia was negotiating a loan
    agreement at the amount of USD 1 bln with Russia.

    Meanwhile, sources said the amount of the loans negotiated totaled USD 2 bln.

    Deputy Minister of Finance Vardan Aramyan neither denied, nor
    confirmed the reports Aug. 22, noting that RA government is in
    constant search of ways to fill the budget deficit, the paper claims.

    This incited disagreements within the ruling elite, with Prime
    Minister Tigran Sargsyan noting that the loan agreement will even
    further force Armenia into joining the Eurasian Union.

    However, sources say President Serzh Sargsyan backs the idea,
    considering the possibility of the funds to shape better public
    attitude ahead of presidential elections, the paper says.

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