Russia and Egypt (Sylodium, export to Egypt from Russia)

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RUSSIA– EGYPT

1. Russia and Egypt, May Exclude US Dollar And Use National Currencies In Bilateral Trade.
2. Russia and Egypt may replace the U.S. dollar with their national currencies for settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview with Egyptian media ahead of his visit to the country on Monday.
3. The issue of excluding the dollar in bilateral trade between Moscow and Cairo is being actively discussed, especially because the tourist season in Egypt is about to begin.
4. This measure will open up new prospects for trade and investment cooperation between both countries; reduce its dependence on the current trends in the world markets.
5. According to Russia, the volume of bilateral trade between Moscow and Cairo in 2014 amounted to more than $4.5 billion, an increase of nearly 50 percent compared to the previous year.
6. Russia provides about 40 percent of grain consumed in Egypt, while Cairo exports large amounts of fruit and vegetables to Moscow.

Russia

Population: 143.400.000 (9th)

GDP per cápita: $ 23.549 (43th) 

Egypt

Population: 80.471.869 (15th)

GDP per cápita: $6.200 (110th) 

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Moscow (Russia) - Cairo (Egypt)

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