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Egypt Interested in Replacing Turkish Goods on Russian Market

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Cairo asked Moscow to provide it with a list of goods recently prohibited or restricted for import to Russia from Turkey to replace them Egyptian goods, Egypt's Ministry of Industry and Foreign Trade said in a statement Sunday.

CAIRO (Sputnik) – According to the statement, the issue was discussed by Egypt’s Minister of Industry and Trade Tarek Kabil and his Russian counterpart, Denis Manturov, at a meeting in the United Arab Emirates.

Russian economic sanctions imposed against Turkey would have a devastating effect on the Turkish economy, Ben Aris, editor-in-chief of the Business New Europe magazine, told Radio Sputnik. - Sputnik International
Payback Time: Russian Sanctions to ‘Hurt Turkey Badly’

“Egypt is interested to meet the needs of the Russian market in goods, especially those that came from Turkey, in light of Russia's decision to limit the Turkish imports to the Russian market in fruit and vegetables to 66 percent, as well as in clothing and leather," the statement said.

Relations between Russia and Turkey escalated after the downing of a Russian Su-24 Fence in Syrian airspace by the Turkish Air Force on Tuesday.

On Saturday, Russian President Vladimir Putin signed a decree to boost national security and introduce economic measures against Turkey, including restrictions in labor, travel and trade spheres.

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