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Russia and Egypt in arms deal worth $2 billion

Staff writer ▼ | February 17, 2014
Russia and Egypt have reached an initial agreement on an arms deal worth more than $2 billion, during a meeting between Russian President Vladimir Putin and Egyptian army chief Abdel Fattah al Sisi.
Sisi Putin
Sisi PutinRussia and Egypt have reached an initial agreement on an arms deal worth more than $2 billion, during a meeting between Russian President Vladimir Putin and Egyptian army chief Abdel Fattah al Sisi.


The development follows Mr. Putin's meeting with Sisi, who visited Moscow to negotiate the deal with Foreign Minister Nabil Fahmy. The deal for the purchase of Mig-29 fighters, air and coastal defense systems, Mi-35 attack helicopters and some smaller arms, will be reportedly funded by Saudi Arabia and the United Arab Emirates, Vedomosti newspaper reported.

"I know that you have decided to run for president of Egypt. I wish you luck both from myself personally and from the Russian people. We are paying very close attention to the development of the internal political situation in your country, and wish the leadership of Egypt success on the path to nationwide peace and harmony," Mr. Putin said.

The Egyptian army chief said, according to The Moscow Times: "We of course are also interested in various forms of cooperation with you in the interests of providing a good life for our people in all spheres. We are always supporters of stability and peace throughout the world."


 

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