Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. warns Egypt against Russia warplanes deal, says working with Cairo on defense needs

Published 11/21/2019, 03:47 PM
Updated 11/21/2019, 03:49 PM
U.S. warns Egypt against Russia warplanes deal, says working with Cairo on defense needs

WASHINGTON (Reuters) - The United States is working with Egypt to deter it from going ahead with a deal to buy Russian warplanes, threatening the Cairo government with sanctions if it does, a senior State Department official said on Thursday.

Washington was still working with Egypt to address its defense needs, the official, speaking on the condition of anonymity, told a briefing. "But we've also been transparent with them in that if they are to acquire a significant Russian platform ... that puts them at risk towards sanctions."

The United States has over the years provided billions of dollars in economic and military aid to Egypt, a long-time ally whose military operates the F-16 fighter jet.

Egypt earlier this year signed a $2 billion agreement with Russia to buy more than 20 Su-35 fighter jets. The United States could impose sanctions under the Countering America's Adversaries Through Sanctions Act (CAATSA), which targets purchases of military equipment from Russia.

"They know this and we're working through it with them," the U.S. official said. "This is something we've not completely reconciled yet but they’re acutely aware of what they’re putting at risk."

The United States says using the Su-35 and other Russian weapons systems could pose a threat to a country's ability to operate jointly with the militaries of the United States and other NATO countries.

Washington has also made similar threats to Turkey, which has already purchased Russian defense missile systems but has not yet made them operational.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.