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Egypt Is Closing In On A $2 Billion Arms Deal With Russia

• Business Insider

The visit – which Egyptian paper Al-Wafd hailed as “historic” – is the highest-level meeting between Russian and Egyptian officials in years, reports the BBC, and it comes shortly after President Barack Obama cut reduced aid to the Egyptian government following a July military coup that ousted President Mohamed Morsi.

The Russian visit sends “a strong political message that stresses the desire” of Russia “to bolster relations and cooperate with Egypt in all fields,” Egyptian foreign ministry spokesman Badr Abdelatty told Bloomberg by phone today.

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