- Nineteen prisoners use cutlery to break out of cells at Winchester prison
- France wants progress in Ukraine before Russia returns to G7
- Italy president begins talks to seek way out of government crisis
- Italian PM expected to resign as political chaos deepens
- Russia says US cruise missile test ‘regrettable’
- Kremlin - No date set for Normandy talks on Ukraine despite Macron meeting
- Egypt court hands out 6 death sentences on terror charges
- Putin says Russian nuclear explosion poses no threat
- Russian panel eyes alleged foreign interference in protests
- Gran Canaria wildfire triggers evacuation of thousands of people
- PM Johnson calls on Germany and France to compromise on Brexit
- Sudan's ex-president Bashir arrives at corruption trial
Sunday, 27 February 2022 (YJC)_ Referring to the aftermath of the Moscow-Kiev war, a spokesman for the Egyptian cabinet said that Cairo could take advantage of the crisis by increasing natural gas exports.
"This could be a good opportunity for Cairo," said Nader Saad, a spokesman for the Egyptian cabinet, referring to rising energy prices following Russia's military operation in Ukraine. When looking to increase gas exports.
According to Russia Today news site, Nader Saad said:
It is possible for us to export more of our natural gas. We can also use the difference between price and solid currency; In this way, we can compensate for the increase in prices for goods such as oil and wheat.
"It will be a special economic strategy to be able to export more of the natural gas in Egypt, taking into account the needs of the factories and the use of alternative energy sources," he said.
Referring to the 65% increase in wheat prices over the past year, the spokesman for the Egyptian cabinet added:
The head of the Egyptian cabinet held two meetings to review the crisis in Ukraine and Russia, and in the first session, he reassured the state of the wheat stockpile, how to deal with various aspects of the crisis, as well as its effects on the tourism sector.
In the end, Saad expressed hope that the Moscow-Kiev crisis would not be prolonged:
The Egyptian government and the central bank will stand in line in these difficult circumstances to meet the national needs.
The economic plans come as Russia's military action against Ukraine has strengthened the possibility of reducing or cutting off Russian gas exports to the European Union. As a result, the world's natural gas-rich countries are trying to meet Europe's potential needs by increasing exports.
Your Comment