Russia, Egypt Initial Arms Contracts Worth 3.5 Billion
(Source: RIA Novosti; updated Sept 18, 2014)
http://www.defense-aerospace.com/article-view/release/157111/russia%2C-egypt-close-%243.5bn-arms-deal.html

PRETORIA, South Africa --- Russia and Egypt have initialed arms contracts
worth $3.5 billion, head of Russia's Federal Service for Military-Technical
Cooperation, Alexander Fomin said Wednesday.

Russian defense industry officials Sergei Chemezov earlier told RIA Novosti
that arms exports to Egypt would include deliveries of small arms, air
defense systems and artillery.

Last month, Russian President Vladimir Putin and his Egyptian counterpart
Abdel Fattah al-Sisi discussed the creation of a free-trade zone between
Egypt and countries of the Customs Union of Belarus, Kazakhstan, and Russia.

The issue was also raised during a Joint Russian-Egyptian Commission on
Trade and Economic, Scientific and Technological Cooperation meeting in
March.

On Tuesday, the Egyptian government proposed that Russian automobile
manufacturer AvtoVAZ launch joint projects with local state holding Nasr.

(Defense Aerospace Com EDITOR’S NOTE: The Russian Zvezda TV news service
reported that the final contracts will include MiG-25 fighters, unspecified
submarines, and a range of air-defense systems including S-300, S-400 and
Buk.)