Armenia appealed to Russia to provide a stabilization loan to mitigate the financial the crisis. "Armenia is negotiating with Russia, World Bank, Asian Development Bank and European Bank for Reconstruction and Development to attract a stabilization loan," quoted the Interfax words of the Minister of Finance Tigran Davtyan the press-service agency. "We have asked our key financial and technical partners to provide additional foreign aid to be ready to eliminate the possible effects of the financial crisis, "- said Davtyan.'s press service declined to name the amount and conditions of the loan, citing the fact that negotiations are still going on and talk about anything concrete could only be a few weeks. Last Thursday, Russian Deputy Prime Minister, Finance Minister Alexei Kudrin said that Armenia had appealed to Russia for a stabilization loan to mitigate the effects of global crisis. "Negotiations are underway on this issue," - he said.
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