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Armenia Requests USD 100 Million From Russia For Diamond Processing

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  • Armenia Requests USD 100 Million From Russia For Diamond Processing

    ARMENIA REQUESTS USD 100 MILLION FROM RUSSIA FOR DIAMOND PROCESSING SPHERE DEVELOPMENT

    /PanARMENIAN.Net/
    25.12.2009 20:20 GMT+04:00

    /PanARMENIAN.Net/ Armenia addressed Russia with a request to provide
    additional funding of USD 100 million to be fully directed at diamond
    processing sphere development, Armenian Prime Minister Tigran Sargsyan
    told a news conference in Yerevan.

    As he told a news conference in Yerevan, negotiations are being
    conducted with Alrosa Russian company. Positive negotiation results
    will allow to create necessary development conditions and provide
    Armenian companies with Russian raw material. Yet, basic credit
    load will be shifted on private sector, whose representatives are
    participating in credit attraction negotiations, the Premier added.
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