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Thursday, 28 April 2016

Egyptian companies poised to fill gap left by Russian sanctions on Turkey

Egyptian companies are planning to fill the void left by Turkish exports to Russia, the result of sanctions imposed on Turkey last year, as part of a Trade Ministry plan sanctioned by the president to boost exports to Russia, Al Borsa reports. Egypt’s commercial attaché in Russia is in talks with Russian importers of the products that could be sourced in Egypt as 16 Egyptian companies maneuver to capitalize on Russian sanctions on Turkey. The long-term strategy to boost exports to Turkey will also include targeting commercial centers outside of Moscow, establishing steady logistical routes to ship cargo, and government export subsidies. (Read in Arabic)

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