News

Egypt, Russia reach preliminary arms deal worth $3.5 billion

Egypt, Russia reach preliminary arms deal worth $3.5 billion
Russian President Vladimir Putin, right, and Egyptian President Abdel Fattah el-Sisi visit the Black Sea Fleet's missile cruiser Moskva on Aug. 12 in the sea port of Sochi. (Alexei Druzhinin / AFP)
Russian President Vladimir Putin, right, and Egyptian President Abdel Fattah el-Sisi visit the Black Sea Fleet’s missile cruiser Moskva on Aug. 12 in the sea port of Sochi. (Alexei Druzhinin / AFP)

Egypt and Russia have reached a preliminary agreement where Cairo is to receive $US 3.5 billion of arms from Moscow, reported Russian news  agency Interfax.

According to Interfax, Alexander Fomin, the head of the Federal Service for Military-Technical Cooperation, confirmed the agreement during a visit to South Africa, but provided no further details.

The announcement comes a month after Egypt’s President visited Moscow for bilateral talks.

Russia is the world’s second-largest arms exporter and has recently sought to expand its military ties with Egypt amid a souring relationship between Cairo and Washington DC following the ouster of deposed President Mohammed Morsi in July 2013.

The ouster of Morsi and subsequent violence in Egypt was used as precedent by the United States to freeze some of the $1.3 billion in annual military aid to Egypt.

It had also withheld deliveries of tanks, fighter aircraft, helicopters and missiles as well as $260 million in cash aid pending Egypt’s progress on democracy and human rights.

The United States, however, has recently moved to unfreeze this aid following the election of Egypt’s new President Abdel Fattah Al-Sisi. Days after President Sisi came to power, the United States unfroze $US 575 million in aid.

During a recent visit to Cairo, US Secretary of State John Kerry stated that Egypt is at the ‘forefront’ of combating terrorism and that this is why

Kerry said Egypt is at the “forefront” of combating terrorism. He added that this is why the U.S. announced last month that it would be sending Egypt eight new Apaches.

Egypt starts monitoring online communications
Egypt raises EGP 61 billion for new Suez Canal

Subscribe to our newsletter


News

More in News

Egyptian Man Stabbed to Death for Defending Woman From Harassment

Egyptian StreetsJanuary 23, 2019

Rami Malek Scores First Oscar Nomination

Mirna AbdulaalJanuary 23, 2019

Giza Governorate to Demolish Illegal Buildings in Nazlet El-Semman Near Giza Pyramids

Egyptian StreetsJanuary 22, 2019

Vacating Cairo: 50,000 Public Sector Employees to be Transferred to Egypt’s New Capital City by 2020

Egyptian StreetsJanuary 22, 2019

Egyptian Lawyer Files Lawsuit Against TV Presenter Over Gay Man Interview

Egyptian StreetsJanuary 21, 2019

Maadi Residents Angered by the Tree Massacre

Egyptian StreetsJanuary 20, 2019

In Photos: Massive Sandstorm Turns Cairo Orange

Egyptian StreetsJanuary 19, 2019

Mercedes-Benz Assembly Plant to “Improve Egypt’s Investment Climate”

Egyptian StreetsJanuary 19, 2019
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.