Some Egyptian companies still dealing with Russia's alternative financial system
Some Egyptian companies are secretly dealing with a Russian alternative financial system, in anticipation of international sanctions by the United States.
Russian wheat was among the first items to be traded on the newly launched Egyptian Mercantile Exchange of the Egyptian Commodities Exchange (EGYCOMEX), a proposed commodities exchange in Egypt.
Egypt’s Ministry of Supply and Internal Trade announced Nov. 28 the start of listing Russian wheat on EGYCOMEX.
