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Egypt asks Russia to invest in Suez Canal infrastructure

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Egypt asks Russia to invest in Suez Canal infrastructure

According to “Izvestia” newspaper, the Egyptian authorities will ask Russia to finance the construction of infrastructure by the second bed of the Suez Canal.

Reporting on that on Tuesday, “Izvestia” cites a member of the State Duma Committee for Foreign Affairs, Anvar Makhmutov. The official believes that the move demonstrates a high level of confidence on the part of the Egyptian authorities towards Moscow.

Apart from that, Russia has traditionally good relations with countries of Arabian Peninsula. Without such contacts, the Russian Federation will not be able to cooperate to the utmost neither with Africa, nor with Asia.

It is Egypt that might become an intermediary power in the process of deepening cooperation between Moscow and Arab monarchies of the Persian Gulf, in particular, with Saudi Arabia.

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