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European Fee President Ursula von der Leyen makes a press release in Brussels on April 27, 2022, following Russian vitality big Gazprom’s resolution to halt gasoline shipments to Poland and Bulgaria following Moscow’s newest use of gasoline as a weapon within the battle in Ukraine. (Photograph by Kenzo TRIBOUILLARD / POOL / AFP) (Photograph by KENZO TRIBOUILLARD/POOL/AFP by way of Getty Pictures)
The Monetary Instances reported {that a} main European Union (EU) monetary bundle value EUR 7.4 billion might be introduced in the course of the go to of the EU delegation to help the Egyptian financial system.
European diplomatic sources introduced that the EU high-level delegation will arrive in Cairo on Sunday.
The delegation can be led by Ursula von der Leyen, President of the Fee of the European Union, and can encompass the Prime Minister of Belgium (the present President of the European Union), the Prime Minister of Italy, the Prime Minister of Greece, the Austrian Chancellor , and the Cypriot president, the sources stated.
The European delegation’s unprecedented go to will embrace the first-ever signing of an settlement to raise Egypt-EU relations to that of a complete strategic partnership, the sources stated.
This displays the extent of European curiosity in relations with Egypt, as Egypt is the most important nation within the area and a pillar of stability there, she added.
The Italian information company Nova additionally reported that Italian Prime Minister Giorgia Meloni will go to Cairo on Sunday, the place agreements can be signed in numerous areas as a part of the Mattei planto eradicate the causes of unlawful immigration.
The Italian company said that Meloni’s presence in Egypt falls throughout the broader context of the EU delegation’s go to.
EU proclaims monetary bundle for Egypt totaling 7.4 billion euros: report
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