18:20 GMT20 April 2021
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    Armenian President Serzh Sargsyan said during a meeting with Russian President Vladimir Putin that the loan would allow the country to upgrade the arsenal of its armed forces.

    NOVO-OGARYOVO (Sputnik) — Armenia will receive a $200-million loan from Russia to modernize its armed forces, President Serzh Sargsyan said on Monday.

    "An agreement on $200-million loan on favorable conditions has been signed. It will allow us to upgrade the arsenal of the Armenian armed forces," Sargsyan said during a meeting with Russian President Vladimir Putin.

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    Tags:
    loans, Vladimir Putin, Serzh Sargsyan, Armenia, Russia
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