On June 4 RoA President Serzh Sargsyan met with Russian President Dmitry Medvedev, the 16th meeting between the two since President Sargsyan took office. President Dmitry Medvedev placed great importance on his frequent meetings with Serzh Sargsyan as useful from the perspective of development of Armenian-Russian cooperation and the development of personal relations. Expressing gratitude for the invitation to participate in the International Economic Forum in Saint Petersburg, President Sargsyan said the forum acquires a new importance under the global financial-economic crisis. The Armenian President thanked his Russian counterpart for providing a $500 million stabilization loan. The parties touched on the process of settlement of the Karabakh conflict. "After our last meeting we have been working with our Russian colleagues towards the implementation of prior agreements. The Armenian side has been diligently working with the support of the Minsk Group on the settlement of the Karabakh conflict, searching for ways that would allow the people of Nagorno Karabakh to live safely in their homeland and determine their own future," President Sargsyan stressed. The parties discussed the issues connected with the further expansion of the Armenian-Russian economic cooperation, and turned to the strategic cooperation within the Collective Security Treaty Organization and the creation of coalition forces.