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Egyptian Minister of Investment and Foreign Trade Mohamed Farid Saleh underscored the progress in Egypt-Russia relations, aiming to fortify economic collaboration, stimulate Egyptian exports to Russia, and augment joint investments. This transpired during his encounter with Russian Deputy Minister of Economic Development Vladimir Ilyichev, apart from the 16th BRICS Trade Ministers Meeting in Jaipur, India.

The dialogue centered on expanding economic and trade ties within the BRICS framework, with Saleh highlighting the manifold opportunities arising from joint membership, encompassing trade, investments, development financing, and supply chains.

Saleh underscored the surge in bilateral trade, with the trade volume hitting almost $5.7 billion in 2025. He disclosed that Egyptian exports to Russia surged by 66%, climbing from $485 million in 2021 to $811 million in 2025. Both sides deliberated on bolstering cooperation in grain trade, supply chains, and hastening the Russian Industrial Zone project in Egypt to entice investment and transfer technology.

Saleh expressed Egypt's ambition to host the 16th joint committee meeting in Cairo in 2027, aiming to bolster cooperation across pivotal sectors like trade, energy, agriculture, and tourism.

The agenda also touched upon facilitating business travel, with Saleh appealing to Russia to simplify entry visas for Egyptian business leaders to spur direct investment. Both parties pledged to sustain joint coordination to propel their economic partnership and optimize the advantages of their BRICS affiliation.