Russia’s Ambassador to China Andrey Denisov said cooperation between the two countries has “already become a powerful stabilizing factor of security” in the world.
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“Egyptian exporters successfully use the opportunities offered by our market which have additionally opened after certain restrictive measures have been adopted in response to EU sanctions“, Putin said.
The Egyptian and Russian leaders are also seeking closer economic ties, hoping to create a free trade zone between Egypt and Russia’s lead Eurasian Economic Union.
Egyptian President Abdel Fattah al-Sisi and Russian counterpart Vladimir Putin stressed on Wednesday their intention to strengthen bilateral relations between their countries.
Naryshkin said he believes that parliamentary polls are to take place in Egypt by the end of this year, expressing readiness to send a parliamentary delegation to Egypt to set up parliamentary relations.
He added that the president’s talks with Russian officials will explore means to strengthen relations and cooperation in areas of energy, water desalination and auto manufacturing.
Going beyond oil and gas, other stalled project include a plan to supply China with as much as $1.5 billion worth of electric power a year, which has not made much progress over the past decade.
Any new accord signed during Putin’s visit would be “some sort of a gift”, the state-run Tass news service reported Thursday, citing Russian ambassador to China Andrey Denisov.
The power plant is expected to have a capacity of 1,000 megawatts. “Experts of both countries are completing the development of practical aspects concerning the construction of this station”, Putin said.
In February, Cairo and Moscow signed a memorandum of understanding to build a nuclear reactor for power generation in Egypt’s northwestern Al-Dabaa region.
Gazprom, a major gas producer in Russian Federation, said on Wednesday it would start gas supplies to China from 2021.
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“The issue of deliveries of Sukhoi Superjet aircraft for the needs of the Egyptian national airline is being worked out,” Putin said.
