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Russia To Disburse $500 Mln Loan To Armenia Before End Of Week - Kud

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  • Russia To Disburse $500 Mln Loan To Armenia Before End Of Week - Kud

    RUSSIA TO DISBURSE $500 MLN LOAN TO ARMENIA BEFORE END OF WEEK - KUDRIN

    Interfax
    May 27 2009
    Russia

    Russia will disburse a loan of $500 million to Armenia before the
    end of the week, Deputy Prime Minister and Finance Minister Alexei
    Kudrin said.

    "The agreement with Armenia on a loan of $500 million for 15 years
    was signed last week. The money will be disbursed this week," Kudrin
    said at a meeting with President Dmitry Medvedev on Tuesday.

    Kudrin recalled that a preferential loan of $300 million and a grant
    of $150 million had already been disbursed.

    "As for our relations with Kyrgyzstan and Armenia, we have helped
    and will help our close partners in line with those decisions made
    earlier," Medvedev said.
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