Russia and Armenia signed an agreement on stabilization loan.

SyuzhetyRossiyskie lending SNG09.02.2009Ukraina Russia has asked for 5 billion dollarovKommentariiMaly SEV05.02.2009Rossiya allies allocate credit for up to 12 billion dollarovRossiya and Armenia signed a preliminary agreement on the allocation of credit in Armenia for 500 million dollars . That was reported by a local agency Panorama with reference to the statement by the Ministry of Finance of Armenia.
Credit is granted for 15 years, four of them - a grace period. The agreement does not imply any additional non-financial commitment on the part of Armenia.
For the first time that Russia is negotiating for a loan of Armenia, it was reported by Vice-Premier and Finance Minister Alexei Kudrin, Russia in late January 2009. He also said that Armenia is requested 500 million dollars. Yet much of Armenia intends to obtain from the World Bank, Asian Development Bank and European Bank for Reconstruction and Development.
Russia became actively handing out loans to its neighbors during the financial crisis. Thus, the contract of two billion dollars was signed with Belarus. Another two billion dollars promised by the Kyrgyz Republic. In addition, negotiations on the allocation of five billion dollars are and Ukrainian officials.