Russia is in talks to establish free zone in Egypt: Putin

Russian President Vladimir Putin on Wednesday announced at the plenary session of the Eurasian Economic Forum that Russia is in talks on establishing a free zone in Egypt.

A noticeable increase has been recorded in the volume of trade exchange between Egypt and Russia, Professor of International Economics, Karim al-Omda, said.

He noted that in 2021, Egypt’s imports from Russia amounted to more than US$3 billion. This percentage witnessed a significant increase in 2022, he added.