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FINANCIAL NEWS
Egypt to discuss trade ties with Russia as tensions grow
18 Sep 2016
(MENAFN) Egypt will send a team to Russia in order to discuss a ban placed on Egyptian agricultural exports, which is a move amid growing tensions over Egypt”s wheat restrictions.
Russia would suspend imports of fruit and vegetables from Egypt, which came as Cairo rejected a Russian wheat shipment due to finding trace levels of the common grains.
Additionally, Russia is one of Egypt”s main export markets for fruit, whereas the North African country sold USD350mn in agricultural commodities last year to Russia.
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