Trade between Egypt and Russia reaches $ 3.3 billion in the first nine months of 2021 (Ambassador – Economy – Business)


Russian Ambassador in Cairo Georgiy Borisenko

Russia’s investments in Egypt stood at $ 8 billion at the end of 2020, the ambassador said at a press conference.

Egypt will be the guest of honor at the St. Petersburg International Economic Forum, to be held in June 2022, he said.

Borisenko added that the COVID-19 pandemic has severely affected the progress of the Dabaa nuclear power plant, but work will undoubtedly resume on this project, which will attract $ 7 billion in Russian investment.

Russian nuclear energy company Rosatom is implementing the Dabaa power station in Matruh governorate, northern Egypt, as part of an agreement signed between Egypt and Russia in 2015. The power station is slated for start generating electricity in 2026..

He pointed out that his country has exported large quantities of Sputnik vaccines to Egypt this year, noting that vaccine technology will be transferred to Egypt to be manufactured with a production capacity of 40 million vaccines.

Russia and Egypt have high-level cooperation in the field of combating international terrorism and information security, the ambassador noted.

He also mentioned the convergence of points of view between Egypt and Russia to support the unity of the Libyan territory and fight against terrorism.

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