Alrosa makes proposal to provide large credit line to
Armenia
04-03-2009 20:00:00 | Armenia | Economy
YEREVAN, MARCH 4, NOYAN TAPAN. During the March 4 meeting
of Armenian prime minister Tigran Sargsyan and chairman of
Alrosa diamond mining company (Russia) Sergei Vybornov, issues
of further cooperation with Alrosa under conditions of the
current global financial and economic crisis, the opportunities
and prospects of assistance to Armenian companies engaged in
diamond cutting sector were discussed.
The chairman of Alrosa made a proposal to provide a large
credit line to Armenia, which will allow obtaining rough
diamonds from Alrosa and supplying Armenian diamond cutting
enterprises with the necessary raw material in the next few
years.
According to the press service of the Armenian government,
the sides agreed to hold more discussions on the conditions of
this mutually beneficial credit and the risks of both the lender
and the borrower, taking into account the possible
manifestations and impact of the global crisis in the future.