The purchase of Ka-52K helicopters from Russia signals a large-scale return of Russian military orders to the Egyptian market, Russian military expert Viktor Litovkin tells Sputnik. “We are cutting off a large piece of the Egyptian market from the Americans,” Litovkin says, explaining that Russia will also be supplying Egypt with air defense systems like the S-300 and S-400, the Tor, and the Buk to name a few.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…