By Eduard Abrahamyan

January 8, 2018, the CACI Analyst

On December 6, 2017, the Armenian Parliament unanimously ratified the Armenian-Russian US$ 100 million “state export loan.” The accord, signed on October 24, allows Yerevan to borrow funds for purchasing a wide range of sophisticated arms manufactured by Russia in order to implement the “Common Defense Sector Development Plan.” This is Moscow’s second programmed military loan to Armenia, following the US$ 200 million loan agreed in 2015 which is now in the final stage of realization. The pending loan is intended to allow Yerevan to uphold its consistent procurement of military hardware since 2011 in an effort to negate Azerbaijan’s military-technical superiority. 

  

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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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