El Sisi of Egypt meets with a group from Russia to discuss enhancing relations

On Sunday, Russian officials including Denis Manturov, the nation's minister of industry and trade, and Mikhail Bogdanov, a special representative of President Vladimir Putin, were received by Egyptian President Abdel Fattah El Sisi.

Mr. El Sisi discussed strengthening economic ties with the Russian authorities at the meeting, which was also attended by the vice-president of the Central Bank of Russia and the federation's ambassador in Cairo, according to a statement from the presidency.

According to the communiqué, a joint Egyptian-Russian committee is now meeting in Cairo to discuss ways to collaborate in the business, industry, research, and artistic sectors.

This month's meeting of the group will be its 14th in order to improve ties between Moscow and Cairo.

The latest on Russian investments in Egypt, which Mr. El Sisi hopes to increase, was also discussed at the meeting.

More grain and wheat trading was also considered, "in light of the ongoing difficulties in this area," according to the communiqué.

The Dabaa nuclear power station, which Moscow is constructing on Egypt's Mediterranean coast, was one of the Russian-funded projects mentioned at the summit.

It was also discussed to build a Russian industrial complex in the Suez Canal Economic Zone, a significant trading hub on the banks of the important waterway. According to the communiqué from the presidency, Cairo intends to jointly develop goods with Russian manufacturers based in the canal zone.

On March 9, Egypt and Russia commemorated 80 years of bilateral ties. To commemorate the event, Mr. El Sisi and Mr. Putin chatted on the phone. Russia is Egypt's top exporter of wheat, grain, and tourism, along with Ukraine.

According to information provided by the Russian Embassy in Cairo, Egypt purchased 4.9 million tonnes of grain from Russia in 2022.

Cairo's dependence on Russian grain is anticipated to last through 2023, according to a statement by Egypt's government grain buyer.

Experts have also predicted that Egypt will turn more to Russia to supply grain to its 104 million people after declaring its withdrawal from the UN Grain Trades Convention.

The deputy prime minister of Russia indicated in January that the country was looking into a system to use roubles rather than dollars to settle payments for grain exports to Egypt.

After its invasion of Ukraine last year, Russia has stepped up its efforts to improve relations with African and Arab countries despite continuing to be subject to severe sanctions from the US and Europe.

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