Both Russia and Egypt, based on their mutual economic interests and developing strategic partnership, have hinted at shared position on the issue of rejection of the U.S. hegemony in the world affairs. Vladimir Putin who arrived in Cairo on Monday for a two-day official visit, talked to Abdel-Fatah al-Sisi, his Egyptian counterpart, on issues of boosting strategic partnership and augmenting military and economic cooperation. As per a political science professor and Russian expert, Nourhan al-Sheikh, the underlying message behind the Putin’s visit to Egypt is that both countries disapprove and disregard U.S. hegemony worldwide both economically and politically. The professor quoted Sisi who called for “the establishment of a fairer international economic system” to corroborate his contention.
Both Russia and Egypt are suffering from the U.S. hegemony; as they contend. While Russia perceives U.S. hegemony over the Ukrainian issue, Egypt disapproves of the U.S led criticism of the overthrow in July 2013 of the former Islamic President Mohamed Morsi by the then military chief, Sisi, led forces. Without mentioning the U.S. by name, Sisi, in a joint press conference with Putin stressed the need to develop “an international system that is more democratic, fairer and safer for all countries.” Putin’s Cairo visit has been described as “very supportive and earnest” showing Russian confidence in the stability of Egypt in the wake of the long awaited economic summit to be held in March in Sharm El-Sheikh which is likely to facilitate and increase foreign investment opportunities in the country.
Putin and Sisi have agreed to construct a nuclear power plant in Egypt, and a Russian industrial city in the vicinity of the Suez Canal corridor. They have also decided to increase the trade between the two by raising its annual volume to five billion dollars in the immediate future from the present four billion dollars. Thus, both Russia and Egypt have resolved to go ahead with the strategic and economic cooperation irrespective of the U.S. criticism or hegemony. It is seen as an attempt on the part of Russia “to shake the throne of the U.S. dollar”.