Armenia will purchase soon more Russian-made weapons with a $200 million loan that has been provided to it by the Russian government, it emerged on Friday.
President Serzh Sarkisian said that the disbursement of the "concessional export loan" was formalized at a meeting of a Russian-Armenian intergovernmental commission on bilateral cooperation that took place in Yerevan earlier in the day.
Sarkisian told the Russian co-chair of the commission, Transport Minister Maxim Sokolov, that the funding will enable Armenia's armed forces to "considerably expand the assortment of modern weaponry in their arsenal." A statement by his office did not specify what type of new military equipment will be purchased for them.
Armenian News
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