YEREVAN, FEBRUARY 18, ARMENPRESS.  The governments of Armenia and Russia have signed a state export loan agreement worth $200 million with 10 year maturity date. Loan repayment will start in the beginning of 2018. “Armenpress” reports, citing “Interfax”, the official portal of legal information informs about this.

The loan is provided for the supply of Russian military production.  The portal informs that Armenia acquires a number of multiple rocket launchers "Smerch" and ammunition intended for them” “Igla-S” anti-aircraft missile, “Avtobaza-M” Electronic Intelligence systems, TOC-1A Heavy Flamethrower System, 9М113М navigable missiles, RPG-26 grenade launchers, Dragunov sniper rifles, Tiger armored vehicles, engineering and communication devices.

It is mentioned that the list can be changed by a mutual written consent between the Defense Ministry of Armenia and Russia's Federal Service for Military-Technical Cooperation.

The Armenian side will spend the loan to fund up to 90% of every batch of arms supplies, recounted by the Russian ruble.