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Armenia to receive $200m loan from Russia to modernize its army

Armenia to receive $200m loan from Russia to modernize its army
08.09.2015 13:28
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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