Russia is offering to sell Armenia agricultural equipment worth $50 million, Armenian Deputy Agriculture Minister Vardan Karapetyan said on Tuesday, ARKA reports.
The proposal was made at a meeting with officials from Rosagromash, which includes over 60 manufacturers of agricultural equipment and instruments.
Preliminary agreements allow agricultural equipment and instruments to be leased for 7 years at a rate of 5%.
Concerning prices, Karapetyan noted that the combine-harvesters of New Holland are worth $150,000, while Russia’s Niva ones cost $78,000. Armenia is negotiating a purchase of Niva combine-harvesters for $50,000 each. Russian partners are offering Armenia a discount. The Niva models are three times cheaper and have the same standards as New Holland ones.
Karapetyan reminded that Armenia also plans to realize a grant program with Japan and a leasing program with India. Moreover, Japanese grants for realization of agricultural equipment worth $791,000 will be used to update the vehicle pool.
Armenia imported about 1,000 units of agricultural vehicles. The state has 15,000 tractors and 1400-1500 combine-harvesters. Armenia has about 70% of the agricultural equipment it needs.
