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Putin Sanctions Banks to Loan Money for Egypt’s Projects
RF Prime Minister Vladimir Putin negotiated with his Egypt’s counterpart Ahmed Nazif in Moscow on Tuesday. Russia’s banks are capable of crediting and accepting guarantees of investors interested in the business on Egypt’s market, Putin said by results of the talks.
Russia’s Prime Minister Vladimir Putin has dispersed apprehension of certain nations about the gas exporters’ forum. “We know about the apprehension and even fears that come from certain states that are the energy consumers; those fears have no grounds whatsoever,” Interfax quoted Vladimir Putin as saying after the Moscow negotiations with Egypt’s Prime Minister Ahmed Nazif.
“We are neither setting up a cartel nor signing a cartel agreement. None of us intends to yield a portion of sovereignty when making decisions,” the prime minister specified.
Putin emphasized that Russia’s banks are quite capable of crediting and accepting guarantees of investors interested in operating on Egypt’s market.
According to Ahmed Nazif, Egypt is willing to attract Russia’s companies to bid at the tenders for the nuclear plants’ construction.
Quite a few Russia’s companies view the energy market of Egypt rather attractive, and Gazprom is amid them, Putin made clear, adding that the potential for widening energy cooperation is good enough. LUKOIL and NOVATEK are working in Egypt already. “Some companies, the ones like Gazprom, are interested in production and investment businesses,” Putin said.
During the talks, the prime ministers deliberated on potential creation of Russia’s industrial zone near Egypt’s Alexandria. “The success of this project will fuel promotion of Russia’s goods and services both to the market of Egypt and to the third-country markets, mostly in the Middle East,” Putin said.
www.kommersant.com
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