Vnesheconombank may grant Armenia loan

Roscosmos may request Vnesheconombank to grant Armenia credit for the geostationary communication satellite launch, Roscosmos Chief Vladimir Popovkin said, RIA Novosti reports.

The memorandum signed at the FARNBOROUGH Airshow (UK) in July says that Armenia needs own communication satellite. Armenia wants to launch it before 2016.

The satellite will have a capacity of 50-60 transponders. Popovkin noted that further details are a commercial secret so far.