Tuesday, 30 May 2023 09:07 GMT

Strengthening Egyptian-Russian Relations


(MENAFN) Egyptian President Abdel Fattah El Sisi received a delegation of Russian officials on Sunday, including the country’s Minister of Industry and Trade Denis Manturov and Mikhail Bogdanov, a special envoy of President Vladimir Putin. The meeting, which was also attended by the vice president of the Central Bank of Russia and the federation’s ambassador in Cairo, focused on increasing economic relations between the two countries.

A joint Egyptian-Russian committee convened in Cairo to outline co-operation in the fields of commerce, industry, research and the arts. This marks the 14th year the committee has met to bolster relations between Moscow and Cairo. The meeting also addressed the latest on Russia’s investments in Egypt, which President El Sisi hopes to boost, as well as trading of wheat and grains “in light of the continuing crisis in this regard”.

Among the Russian-funded projects discussed at the meeting was the Dabaa nuclear power plant, which Moscow is building on Egypt’s Mediterranean coast. The establishment of a Russian industrial complex in the Suez Canal Economic Zone was also discussed, with Cairo hoping to co-manufacture goods with Russian producers operating in the canal zone.

Egypt and Russia celebrated 80 years of bilateral relations on March 9. Mr El Sisi and Mr Putin spoke on the phone to mark the occasion. Along with Ukraine, Russia is Egypt’s biggest supplier of wheat, grain and tourists, with Egypt importing 4.9 million tonnes of Russian grain in 2022, according to data published by the Russian Embassy in Cairo

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