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Will sanctioned Russian oligarchs find haven in Egypt?

Its current economic hardships may prompt Cairo to double down on investments with Russia.

CAIRO — Egyptian politicians have called on the government to open its doors to Russian investors after their assets were frozen in the West. The call comes amid economic hardships that have prompted the country to devalue its currency last month.

So far, Egypt has avoided condemning the Russian invasion of Ukraine. On April 7, Cairo abstained from voting on a UN General Assembly resolution suspending Russia from the Human Rights Council over “gross and systematic violations and abuses of human rights” in Ukraine.

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