Egypt may replace Turkish goods on Russian market
According to the statement, the issue was discussed by Egypt’s Minister of Industry and Trade Tarek Kabil and his Russian counterpart, Denis Manturov, at a meeting in the United Arab Emirates.
Russian economic sanctions imposed against Turkey would have a devastating effect on the Turkish economy, Ben Aris, editor-in-chief of the Business New Europe magazine, told Radio Sputnik.
“Egypt is interested to meet the needs of the Russian market in goods, especially those that came from Turkey, in light of Russia's decision to limit the Turkish imports to the Russian market in fruit and vegetables to 66 percent, as well as in clothing and leather," the statement said.
Relations between Russia and Turkey escalated after the downing of a Russian Su-24 Fence in Syrian airspace by the Turkish Air Force on Tuesday.