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Head of the Russia-Egypt Business Council: Moscow can and is ready to increase grain supplies to Cairo

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Moscow, May 29. The Russian Federation is ready to increase grain exports to the Arab Republic of Egypt and other countries, including from new regions. Chairman of the Russia-Egypt Business Council Mikhail Orlov, there is capacity, the issue is logistics.

“Will grain exports from Russia increase? The answer is yes, because Russia is growing its production,” he said, adding that additional potential and opportunities are added with the emergence of new regions.

Orlov stressed that Egypt and other countries are calling for more imports to feed the rapidly growing population.

“Demand is increasing. Whether we can meet demand depends on our manufacturing, logistics and shipping capabilities. There is all the potential for export growth. Now is a difficult time: there may be fluctuations, but this is not a trend. The dynamics are positive for us,” added Mikhail Orlov.

The head of the Russia-Egypt Business Council pointed out that unfriendly countries create difficulties in the supply and charter of ships. Therefore, many carriers do not risk transporting Russian agricultural products. The situation is exacerbated by the fact that the West does not comply with the Russian part of the so-called grain agreement.

“But the Russian Federation has a certain power factor and exports continue,” he summed up.

Alexander Voronkov, Rosatom’s regional vice president and director for Middle East and North Africa, said the Al-Dabaa nuclear power plant will meet 10 percent of Egypt’s electricity needs.

Source: Riafan

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