The Cabinet of Ministers of the Republic of Armenia is to sign an arms deal with the Russian Federation


During its session on Friday the Government of Armenia has approved the protocol on the implementation of agreement concerning the arms procurement state loan extended to Armenia by the Russian Federation, communicated Armenia Deputy Minister of Defence Ara Suren Nazaryan.

‘The protocol entitles the Minister of Defence to sign with respective Russian institutions accords on the supply of modern weapons by the Russian party to Armenia that would be covered by the state loan’,-declared Nazaryan.

Apart from that, the Central Bank of Armenia has been entrusted to discuss before April 29 the arms exports loan settlement arrangements with the Russian State Corporation Bank for Development and Foreign Economic Affairs (‘Vnesheconombank’). The Ministry of Defence of the Republic of Armenia has been encharged with the task of ascertaining the inventory list of purchased state-of-art weapons and military equipment and then-to work out and sign an arms deal with the Russian Federal Service for Military-Technical Cooperation and with Rosoboronexport JSC.

The agreement on the extension of a 200 mil. dollar loan for the equipment of the Armenian Armed Forces with modern weaponry was signed in 2015. The loan is granted with a grace period of three years (only payment of interest) and repayment of the principal (on preferable credit terms) of ten years.

In the course of the meeting on April 7, 2016 in Yerevan the prime-minister of Armenia Mr.Hovik Abrahamyan urged his Russian counterpart Mr.Dmitry Medvedev to issue insructions to Rosoboronexport JSC to step up the conclusion of the contract on the supply of weapons and military equipment to the Republic of Armenia.

Earlier on, Russian Vice-Prime Minister Dmitry Rogozin declared that Russia supplies weapons to both Yerevan and Baku in the goal of striking the balance of intersts. He also pointed out that in case Russia cuts off its arms supplies to either Armenia, or Azerbaijan, the United States or some other countries would immediately take her place.

The issues of bilateral technical cooperation between the Republic of Armenia and the Russian Federation are to be discussed in 2016 within the framework of the first International Exhibition of Arms and Defence Technoligies ArmHiTec 2016. One of the primary goals of the ArmHiTec exhibition is to contribute to establishing business contacts as well as strengthening and development of the mutual engagement, collaboration and interaction between the designers, manufacturers and suppliers of armament, military equipment and security systems of the Republic of Armenia and reinforcement as well as development of their cooperation with the representatives of the defence business sector from Armenian strategic international partners.

The exhibition and business programme of the ArmHiTec Exhibition due to be held from 1 to 3 November, 2016 at the YerevanEXPO Exhibition Complex (city of Yerevan)will present a wide range of opportunities to study the most advanced achievements and innovations of the military-technical developments as wel as operational experience of implementation of state-of-the-art defence and security systems and integrated systems and IT solutions.

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