Egypt’s Trade Minister Says No Deal Reached For Russia Loan

Egypt’s Trade And Industry Minister, Hatem Saleh, said on Friday that no agreement has been reached on a Russian loan to Egypt.

Speaking after a meeting between Egyptian President Mohamed Morsi and Russian President Vladimir Putin, Saleh said “today we have reached no conclusion on that loan.”

A Moscow-based source said previously that Egypt planned to discuss a possible $2 billion loan.

Reuters