12/08/2014 10:36
Putin to tackle Gaza conflict, food and military trade with Egypt’s Sisi
Russian President Vladimir Putin is due to meet with his Egyptian counterpart, Abdel Fattah Sisi, in the Russian resort city of Sochi to discuss a wide range of political and economic issues, including the ongoing Gaza conflict, Egypt’s food deliveries to Russia and Russian military exports to Egypt, the Kremlin said, according to RIA Novosti.
“The discussion will address urgent matters, linked to the development of Russian-Egyptian relations in various spheres,” a Kremlin official said.
The leaders are expected to study in great depth a wide range of bilateral economic issues, such as the creation of a free trade zone between Egypt and the Russia-led Customs Union, which also includes Belarus and Kazakhstan.
“The last year’s trade turnover was roughly at $3 billion. In the first half of this year, [this figure] almost doubled [some $2.5 billion],” the Kremlin said.
Following its embargo on agricultural products from the United States and the European Union, Russia has been looking for alternatives, and Egypt said it was willing to boost its fruits and vegetables exports. In return, Russia could profit from Egypt’s high demand for wheat.
Moscow and Cairo are also discussing deliveries of Russia’s high-tech military products, including 24 Mikoyan MiG-29 fighter jets, as well as its Kornet anti-tank missile systems, attack helicopters Kamov Ka-25, Mil Mi-28 and Mi-25.