Egypt assesses impact of Ukraine-related crisis ...News

Russia Today - Economy
Egypt assesses impact of Ukraine-related crisis
source : Russia Today ( News ) () 22
The North-African nation says Russia-Ukraine conflict has cost the national economy $7 billion Egypt’s economy has sustained losses of up to 130 billion Egyptian pounds ($7 billion) amid the Ukrainian crisis, according to the country’s Prime Minister Moustafa Madbouly, as quoted by TASS. “The aftermath of the war has placed a huge financial burden on us and we have invested 130 billion pounds to cover rising prices for strategic goods,” Madbouly said on Sunday, pointing out that the indirect consequences of the events in Ukraine are estimated at another over $18 billion. According to the PM, the current conflict b

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