The United States is going to finance Azerbaijan's first communications satellite, despite objections from some US-based Armenian groups that argue it could be used for military purposes.
The US Export-Import Bank, an agency of the US government, has agreed to finance Baku's purchase of the AzerSat satellite from the US manufacturer Orbital. The satellite will cost $120 million, of which 85 percent will be paid by funds loaned through the bank and repaid by Azerbaijan over the next 10 years.
Some Armenian groups in the United States protested the deal, arguing that Azerbaijan could use the satellite for military purposes, especially in connection with Baku’s long-standing efforts to regain control over Nagorno-Karabakh.
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