Sharm El Sheikh. File photoCAiro, May 15.The direct losses to the Egyptian economy due to the situation in Ukraine amount to 130 billion Egyptian pounds (about 7 billion US dollars), Egyptian Prime Minister Mustafa Madbouly said on Sunday. Egyptian Prime Minister Madbouly held a press conference on Sunday on measures undertaken by the government of the country in the field of economy against the background of the crisis caused by the conflict in Ukraine. According to the Egyptian prime minister, before the start of the Russian-Ukrainian crisis, 42 percent of all grain supplies to Egypt came from Russia and Ukraine, 31 percent of all incoming tourists were also residents of these two countries . However, Madbouli noted, Cairo quickly began to look for other suppliers of grain, and is also trying to attract tourists from other countries. in Ukraine), which is already happening and will happen as a result of rising prices for strategic goods … (for a budget for 1 year) is 130 billion Egyptian pounds,» the Egyptian prime minister said.
They will be left without popcorn: the main products have risen in price at a record high Indirect losses of the Egyptian budget from the Russian-Ukrainian crisis, Mustafa Madbouli noted, could amount to 335 billion Egyptian pounds (about 18 billion US dollars). Among the measures taken by the state to reduce the negative impact on the economy, Madbouli called the strengthening of the role of the private sector, the localization of local industry and the activation of the Egyptian stock exchange. «If it were not for the economic reform program and the unprecedented pace of development, Egypt would not have been able to withstand the crisis caused by the coronavirus, nor withstand this crisis,» the Prime Minister said. Minister. The rise in prices for a number of food products in Egypt began in March following the global rise in prices due to the Ukrainian crisis, in connection with this, the Egyptian Cabinet of Ministers issued a decree regulating prices not only for subsidized bread, as before, but also for non-subsidized. Earlier, the Egyptian authorities banned the export of all types of edible oils for three months. corn, wheat, flour, beans and a number of other products. Russia is the main supplier of wheat to Egypt, Cairo also imported a significant amount of grain from Ukraine before the start of the conflict.
