Putin wants to create a joint grain and energy hub in Egypt
4.04.2026 - 10:07
Moscow sees the country as an important hub for supplying goods to African and Middle Eastern markets.
Russia is pushing the idea of a new logistics hub in Egypt for grain and energy sales amid Western sanctions, Reuters reports.
According to Russian President Vladimir Putin, the parties have “many interesting ideas” for cooperation. Cairo, in turn, said it supported Russian initiatives. At the same time, neither the Russian nor the Egyptian side has yet explained what exactly the future hub entails and in what format it could operate.
In addition, according to Reuters, the parties are simultaneously discussing the idea of creating a separate grain hub in Oman.
Egypt remains the world’s largest wheat importer and one of the main buyers of Russian grain. According to Russian operators, the country has purchased about 7.6 million tons of grain since the start of the season, which is approximately the same as last year.
Putin also instructed the Russian government to intensify cooperation with Egypt in the field of food supplies, primarily grain, stating Russia’s readiness to provide the necessary volumes.
Against this background, Ukraine is also trying to expand its presence in African markets through a network of agro-food hubs. In particular, the first memorandums of cooperation in this direction were signed with Ghana, Congo, and the UAE.
Meanwhile, as USM wrote the day before, Russian vessels, from which the US lifted sanctions on March 31, will operate under a new scheme for a joint venture between Rosatom and DP World.
