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    Russian President Vladimir Putin during a meeting with Egyptian President Abdel Fattah al-Sisi

    Russian, Egyptian Presidents Holding Press-Conference in Sochi

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    Russian President Vladimir Putin and his Egyptian counterpart Abdel Fattah Sisi discussed Wednesday issues on the regional agenda as well as bilateral cooperation during a narrow format meeting.

    "We are very glad to welcome our friends in Russia and to exchange views on the development of bilateral ties as well as on regional issues today here, in Sochi," Putin said, opening the talks.

    Putin also commended the development of bilateral economic ties. In 2017, Russian-Egyptian trade grew by 62 percent, compared to 2016, while the first six months of this year saw a 28-percent increase in bilateral trade year-on-year, the president added.

    Growing trade is the result of the diversification of bilateral links, as now the two states cooperate in such areas as agriculture, manufacturing and machine building, the president said.

    READ MORE: Egypt's Sisi Calls for Int'l Probe Into Alleged Use of Chemical Weapons in Syria

    The two states jointly implement large-scale projects, such as building a nuclear power plant and an industrial park in Egypt, and have productive partnership formats, Putin added, emphasizing, in particular, cooperation between the defense and foreign affairs ministries.

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