Russia to Supply a New Batch of Weaponry to Armenia: Serzh Sargsyan

• 11.01.2017, 18:15
•  World,  Armenia

Russia is set to supply a new batch of weaponry to Armenia in the near future as part of an agreement signed between the two states, the RA President Serzh Sargsyan said, adding the implementation of a new loan agreement worth $100 million will begin after its approval on all the intergovernmental levels, Panorama.am reports.

"By the end of this year we will realize the previous contract. We are expecting new supplies in the coming days, and until the end of the year we will finalize all issues regarding the previous contract," Sargsyan said in an interview with RIA Novosti.

"We have already signed a new contract in Yerevan, It needs to be considered by all the relevant agencies in Russia and Armenia and later undergo a ratification procedure. Afterwards we will embark on the implementation of the project in cooperation with Russian manufacturers. However, it will not be a rapid process," the president said.