Russia lends $200M to Armenia to fund new weapons purchases

February 19, 2016 5:00 PM

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YEREVAN, Armenia – Russia has agreed to provide a $200 million loan to Armenia to fund the purchase of Russian weapons.

The loan agreement released by the Russian government Friday said the 10-year export credit will cover the purchase of Smerch multiple rocket launchers, Igla shoulder-fired air defense missiles, TOS-1 thermobaric rocket launchers, anti-tank missiles and other weapons.

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