FSB detains four Islamic State suspects for plotting terror attacksWorld May 25, 14:04
Russia gets hundreds of orders for MC-21 new medium-haul airlinerBusiness & Economy May 25, 13:27
Russia, Philippines ready to sign documents on cooperation in various spheres — LavrovRussian Politics & Diplomacy May 25, 13:23
NATO secretary general says 2011 bombardment of Libya aimed at protecting civiliansWorld May 25, 13:06
Press review: Kiev’s Russian rail cut and Montenegrin opposition’s Russian Crimea stancePress Review May 25, 13:00
Stoltenberg says Russia needs to stop supporting Donbass to improve relations with NATOWorld May 25, 12:41
Russian rotocraft maker expects to sign deal with Defense Ministry on Mi-38 deliveriesMilitary & Defense May 25, 12:31
Death toll from fires in Russia’s Krasnoyarsk region rises to threeWorld May 25, 12:18
Iran expects supplies from Russia within oil-for-food dealBusiness & Economy May 25, 12:16
MOSCOW, February 27. /TASS/. The transition to settlements between Russia and Egypt in national currencies will help boost bilateral trade, Egyptian Foreign Minister Sameh Shukri said in an interview with Russia’s Rossiya-24 TV Channel on Friday.
"I believe this proposal can serve as an impulse for developing Egyptian-Russian trade and economic cooperation," the minister said.
"We’re studying it very seriously. We believe it can raise the level of trade between our countries," he added.
Egypt stands for expanding the existing close ties with Russia, the foreign minister said, praising "Russia’s contribution to Egypt’s industrial development in the 1960s, which remains the basis for developing our relationships."
Egypt and Russia should look for new areas to develop bilateral economic ties, the Egyptian foreign minister said.
"Trade in the currencies of our countries is one such area. It will provide an advantage, considering difficulties, which Egypt is experiencing with regard to hard currency. I believe this initiative will remove some difficulties and help create a better environment for cooperation," the Egyptian foreign minister said.
The head of the Egyptian Foreign Ministry also said he did not rule out that Egypt’s government would stimulate ruble settlements in the tourist industry.
"I believe this is all possible, if this benefits our countries and is useful for developing relationships between them. We’re glad to receive a large number of Russian tourists," the Egyptian foreign minister said, adding the central banks of Russia and Egypt "will carefully study and assess this proposal from the viewpoint of its significance and the beneficial nature of this form of trade exchange."