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Egypt seeks to contain price hikes caused by Ukraine crisis

Egypt is dealing with soaring prices of bread and food products.
Egyptian men work in a bakery at a market in Cairo, Egypt, March 17, 2022.

CAIRO — Egypt’s President Abdel-Fattah al-Sisi directed March 15 the Egyptian armed forces to offer basic food commodities to the neediest at reduced prices in coordination with the Ministry of Supply and Internal Trade and the Tahya Misr (Long Live Egypt) Fund. 

In a meeting with the minister of defense, the prime minister, the minister of supply and internal trade and the minister of interior, Sisi called for “the distribution of food boxes to the neediest groups across the republic as the holy month of Ramadan draws near,” according to a statement by Egyptian presidential spokesman Bassam Radi.

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