The governments of Russia and Armenia have signed a 200 million dollar state export loan agreement with a ten-year maturity, with a grace period up to 2018, Armenpress informed, referring to Interfax.

The loan is provided to supply Russian weapons.

According to the annex, Armenia will buy Smerch heavy multiple rocket launchers and ammunition, Igla-S air defense missile systems, Avtobaza-M ground-based radar jamming and deception system, TOS-1A heavy artillery systems with launchers, 9М113М wire-guided anti-tank missiles, RPG-26 grenade launchers, Dragunov’s sniper guns, Tiger armored cars, engineering and communication equipment.

The information states that the list may be revised upon mutual agreement between the Armenian Ministry of Defense and the Federal Service of Military and Technical Cooperation.

The Armenian side will use the loan to fund 90% of each supply agreement, converted to Russian rubles. The advance payment which must be no less than 10% of each agreement will be funded by the Armenian side to Russian authorized organizations in ruble amounts.