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Armenia to Receive $200Mln Loan From Russia to Modernize Armed Forces

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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... 07.09.2015, Sputnik International

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Armenia to Receive $200Mln Loan From Russia to Modernize Armed Forces

18:06 GMT 07.09.2015 (Updated: 18:07 GMT 07.09.2015)

Armenia soldiers at the military parade to mark the 70th anniversary of Victory in the 1941-1945 Great Patriotic War. - Sputnik International

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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.

Sudden operational readiness test of Central Military District and airborne troops - Sputnik International

Armenian Defense Minister Lauds Military Cooperation With Russia

16 April 2015, 13:49 GMT

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.