Russia, Egypt seal preliminary arms deal worth $3.5 billion

By REUTERS
September 17, 2014 16:54



MOSCOW, Sept 17 (Reuters) - Russia and Egypt have reached a preliminary deal for Cairo to buy arms worth $3.5 billion from Moscow, Interfax news agency quoted the head of a Russian state arms agency as saying on Wednesday.



Speaking during an arms trade exhibition in South Africa, the head of the Federal Service for Military-Technical Cooperation, Alexander Fomin, did not give further details.



Russia, the world's second-largest arms exporter, has sought to boost its military ties with Egypt after relations between Cairo and its long-standing ally Washington soured, causing some defense cooperation between the two countries to be frozen.


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