Russia and Egypt have initialed arms contracts worth $3.5 billion, head of Russia's Federal Service for Military-Technical Cooperation, Alexander Fomin said Wednesday.
Russian defense industry officials Sergei Chemezov earlier told RIA Novosti that arms exports to Egypt would include deliveries of small arms, air defense systems and artillery.
Last month, Russian President Vladimir Putin and his Egyptian counterpart Abdel Fattah al-Sisi discussed the creation of a free-trade zone between Egypt and countries of the Customs Union of Belarus, Kazakhstan, and Russia, the report added.
The issue was also raised during a Joint Russian-Egyptian Commission on Trade and Economic, Scientific and Technological Cooperation meeting in March.
On Tuesday, the Egyptian government proposed that Russian automobile manufacturer AvtoVAZ launch joint projects with local state holding Nasr, the report concluded.
For the first time UAE and Egyptian air forces conducted two series of joint air strikes in the past week on armed Islamist factions in Tripoli, Libya, U.S
Egypt and Russia have reached an initial agreement on how to implement a new arms delivery deal worth over $3 billion. According to Vedomosti newspaper, at the meeting the two sides initialed or signed contracts for the delivery of MiG-29M/M2 Fulcrum fighter jets, air defense missile complexes, Mi-35 helicopters, coastal anti-ship complexes, light weapons and ammunition
The Russian delegates visit to Egypt has marked a revival of large-scale military cooperation with the recent offering made by Russia to sell modern helicopters and air defence systems in a deal worth US$2 billion. Russian Foreign Minister Sergei Lavrov confirmed that military collaboration was discussed in talks between Defence Minister Sergei Shoigu and his Egyptian counterpart General Abdel Fattah al-Sisi but gave no further details
Cairo is considering deliveries of Russian arms, Egypts Foreign Minister Nabil Fahmy was quoted as saying by RIA Novosti ahead of a Russian delegation's visit. Nabil Fahmy said in an interview with RT television channel that “the issue of purchasing new Russian weapons should be carefully examined,” confirming the issue is under consideration in the Egyptian government
European Union (EU) Nations have decided to suspend export licenses of military equipment and technology to Egypt which might be used for internal repression. The decision comes days after the U
Egypt and France are close to signing a 5 to 6 billion Euro contract for the sale of twenty Rafale and two FREMM multi-mission frigates. La Tribune newspaper said on its website today that a French delegation of the Treasury visited Cairo earlier this week to assess the security of Egypt in the event of an agreement with the French manufacturers
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