Wed, 30 April
13.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

Armenia expects to receive all Russian loans agreed upon with Russia

YEREVAN, January 21. /ARKA/. Armenia expects to receive all the Russian loans on which it has agreements with Russia, Armenian Deputy Finance Minister Pavel Safaryan told journalists on Wednesday.

His Russian counterpart Sergey Storchak said Monday that Russia will have to cease extending new loans to foreign borrowers in 2016 because of financial difficulties.

Safarysna said that a $100-million Russian loan is implied in Armenia’s government budget for 2016.

“If economic things in Russia worsen, then maybe Russia will not provide loans to Armenia, and this carries certain risks, including those connected with oil price fluctuations,” he said.

He added however that Armenian and Russian governments still hopes for improvement of the situation.
Sergey Storchak said Russia has signed many loan agreements in 2015 assuming large commitments.

Armenia, along with its Eurasian Economic Union fellow members, is among foreign borrowers.

Two loan agreements were signed between Armenia and Russia in 2015 – a $300-million agreement was signed to prolong the Armenian Nuclear Power Plant’s operation life and a $200-million agreement was aimed at equipping the Armenian armed forces with modern armament.

At the same time, Storchak stressed that all the commitments already assumed by Moscow will be fulfilled. -0—-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

LATEST NEWS

spot_imgspot_imgspot_img