YEREVAN. – Russian loan of $200 million will provide Armenia with an opportunity to acquire modern weaponry, Armenian Defense Minister Seyran Ohanyan told reporters on Thursday.

The types of weapons have been selected, he said, adding that they are modern defensive weapons.

On June 26, President of Armenia Serzh Sargsyan had met with Transportation Minister of Russia Maksim Sokolov, who is also co-chairman of the Armenian-Russian Intergovernmental Commission. During this talk, it was announced that a $200-million Russian loan will be provided to Armenia to purchase modern weaponry.