Russian Ambassador to Egypt Georgy Borisenko said on Sunday 12/26/2021 that Russia’s investments in Egypt amounted to $ 8 billion at the end of 2020.
The volume of trade between Egypt and Russia reached $ 3.3 billion from January to September 2021, the ambassador said at a press conference.
Egypt will be the guest of honor at the St. Petersburg International Economic Forum, to be held in June 2022, he said.
Borisenko added that the Covid-19 pandemic had hit the Dabaa nuclear power plant hard, but work will undoubtedly resume on this project, which will attract $ 7 billion in Russian investment.
He pointed out that his country has exported large quantities of Sputnik vaccines to Egypt this year, noting that vaccine technology will be transferred to Egypt for manufacture at a production capacity of 40,000 vaccines.
Russia and Egypt have high-level cooperation in the field of combating international terrorism and information security, the ambassador noted.
He also mentioned the convergence of points of view between Egypt and Russia to support the unity of the Libyan territory and fight against terrorism.