Russia is in talks to establish free zone in Egypt: Putin ...Egypt

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Russia is in talks to establish free zone in Egypt: Putin
source : EGYPT INDEPENDENT ( Egypt ) () 46
Russian President Vladimir Putin on Wednesday announced at the plenary session of the Eurasian Economic Forum that Russia is in talks on establishing a free zone in Egypt. A noticeable increase has been recorded in the volume of trade exchange between Egypt and Russia, Professor of International Economics, Karim al-Omda, said. He noted that in 2021, Egypt’s imports from Russia amounted to more than US$3 billion. This percentage witnessed a significant increase in 2022, he added. By 2021, he noted that Russia was the sixth largest supplier country to Egypt after China, Saudi Arabia, US, Germany and Turkey. Omda said that Russian tourists coming to Egypt also represent a large percentage of

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