Egypt has become the world’s largest importer of Russian food products, outpacing China, Russia’s Export Center said, RT reports. According to the center’s statistics, Egypt imported USD 1.73 bn worth of Russian products in 2017, marking a 44% y-o-y growth, Pravda says. “For comparison, China’s food imports from Russia amounted to USD 1.71 bn having increased by eleven percent vs. the previous year.” Wheat alone accounts for around 82% of Egypt’s imports from Russia, and Egypt may soon become a profitable destination for Russian poultry. Can you now please send us your tourists?
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
EGX30 sheds 4.43% in October to post its first back-to-back monthly loss of 2026
The benchmark fell 4.43% and the small caps twice as…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…