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Russia, Egypt ink $ 2 billion arms deal – media

News | 10.02.2014 | 11:42
 

Egypt has reportedly struck a deal with Russia to buy $2 billion worth of military equipment. This is according to the Egypt Independent who has cited a senior official in Cairo. Saudi Arabia and the UAE have agreed to pay the price on Egypt’s behalf.

According to the source, Moscow and Cairo spent the past few weeks thrashing out the new arms deal, which was first tabled in November 2013 when Russian Foreign Minister Sergei Lavrov and Defense Minister Sergey Shoigu came to Cairo on an official visit.

The first batch of cutting-edge Russian weapons will be delivered by the mid-2014. The money will be paid in installments, the paper said.

Voice of Russia, Gazeta.ru

 
Tags: Egypt Russia
 

 
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OUR COLUMNIST
    Wayne MADSEN

Netanyahu’s Speech in Washington: The Breaking of a Taboo is Now Permitted

...After Israeli Prime Minister Binyamin Netanyahu conspired with Republican U.S. House Speaker John Boehner for the Israeli prime minister to give an address to a joint session of Congress, his third -- a distinction that Netanyahu shares only with British Prime Minister Winston Churchill -- and without the knowledge of the Obama administration, all gloves are off. Never before in the history of the United States has a foreign leader been invited to denounce a sitting American president from the same pulpit where the American president delivers the traditional State of the Union address...

04.03.2015
 
 
 
 
 
 
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