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Russia to Loan Armenia $200m for Guns

As tensions again flare up between Armenia and Azerbaijan, Moscow has agreed to lend Yerevan $200 million for weaponry purchases at reduced rates.

In a September 7 statement after meeting with Russian President Vladimir Putin at his Novo-Ogaryovo residence outside of Moscow, Armenian President Serzh Sargsyan claimed the preferential credit will facilitate “upgrading” the Armenian military’s stockpile of arms. Financial details were not available.

The announcement came just as Armenia and its next-door arch-foe Azerbaijan were both testing their military readiness amid continued reports of shootouts in the Nagorno-Karabakh conflict zone.

With a base in Armenia, Russia long has served as Armenia’s primary source of arms, even as it co-chairs peace talks between the two countries. The Kremlin has long used both hands to maintain influence in the South Caucasus, but the aid to Armenia left observers wondering what Putin's current game in the region is.

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Russia to Loan Armenia $200m for Guns

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