Egypt begins bilateral talks with the Russian side within the activities of the 2021 St. Petersburg International Economic Forum (SPIEF) to discuss economic relations between Egypt and Russia.
The Minister of International Cooperation Rania A. Al- Mashaatheld the meeting with with Anton Kobyakov, Adviser to the President of the Russian Federation,
Al-Mashat applauded the Egyptian-Russian strategic relations which extend to over 50 years.
Egypt is the key to a stronger tripartite Russian-Egyptian-African cooperation in wide spectrum of fields such as trade, economy and investment, the minister noted. She also added that 40% of Russian trade to Africa passes through Egypt.
Moreover, Egypt’s Presidential Infrastructure Champion Initiative (PICI) opens up prospects for the Russian-Egyptian-African partnerships to implement infrastructure projects.
Al-Mashat said that the first Russian-African summit held in October 2019 under the chairmanship of Egyptian President Abdel Fattah Al-Sisi and Russian President Vladimir Putin, was a strategic turning point in joint relations to support development on the continent.
During the summit, both co-chairs adopted goals to develop in terms of Russian-African cooperation on all levels which led to the signing of 92 agreements and memorandums of understanding.
