Cairo sees a way to deal with the impact of anti-Russian sanctions, the country’s Finance Minister Mohamed Maait said on the sidelines of the International Monetary Fund (IMF) and World Bank’s spring conference in Washington. This was reported by RIA News.
According to him, Western restrictions sometimes affect the interaction between Moscow and Cairo, but Egyptian officials “see how to solve this.”
Before that the Ministry of Economic Development of the Russian Federation spokeIt is stated that the tourist flow between BRICS countries may increase 3.5 times compared to 2023 and reach 5 million people by the end of 2024. Currently, the BRICS union consists of ten countries: Brazil, Russia, India, China, South Africa, Egypt, Iran, United Arab Emirates, Saudi Arabia and Ethiopia.
Also, Amr Elkadi, Chairman of the Egyptian Tourism Authority (ETA) aforementionedEgypt hopes Russian investors will participate in a new program providing preferential loan conditions for hotel construction in the country.
Previously Vucic explained Serbia’s reluctance to impose sanctions on Russia.
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Source: Gazeta
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