Armenia receives weapons worth $200mn from Russia

Armenia receives weapons worth $200mn from Russia
A Smerch heavy multiple rocket launcher. / Vitaly V. Kuzmin.
By bne IntelliNews July 24, 2018

Armenia has received weapons purchased under a $200mn loan agreement with Russia, the South Caucasus country’s Defence Minister David Tonoyan said on July 22, Tass reported. 

The agreement included Smerch heavy multiple rocket launchers and ammunition, Igla-S man-portable infrared homing surface-to-air missile systems and missiles and Avtobaza-M ground-based signals intelligence (SIGINT) systems designed to detect airborne and other radars. 

In a statement, Tonoyan described the weaponry as “state-of-the-art”. “Some types of such weapons are used in the Russian army," he added. 

Moscow disbursed a $200mn loan to Yerevan for defence purchases in 2015, and the Armenian government announced another $100mn loan in 2017. Armenia also gets to buy arms from Russian suppliers at favourable prices under the agreement. However, the Armenian government has been angered by Russian arms sales to neighbouring Azerbaijan, meaning that Russia has supplied both sides of the deadly conflict over the Nagorno-Karabakh breakaway region.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

The acquisition of Armenia's Ameriabank by BOGG PLC complete

BOGG PLC, an international financial group based in the UK, has finalized a deal acquiring a 90% stake in Ameriabank, a leading financial institution in Armenia. This acquisition, valued at $303.6mn, ... more

Armenia gives preliminary consent to purchase of Ameriabank by Bank of Georgia

The Central Bank of Armenia's Board has preliminarily approved the acquisition of a significant stake in Ameriabank CJSC by Bank of Georgia Group PLC (BOGG) and Bank of Georgia JSC, according ... more

Ameriabank clinches fourth consecutive title as Armenia's best bank in sustainable financing

Ameriabank has maintained its position as Armenia's leading financial institution for sustainable financing, winning the  title for the fourth year in a row. The recognition is due to the ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss