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Radio France Internationale
Radio France Internationale
World
RFI

EU and Egypt agree €7.4bn deal focused on energy, migration

President Abdel Fattah al-Sisi meeting with European Commission President Ursula von der Leyen in the capital Cairo, on 17 March 2024. AFP - -

The EU chief and five European leaders visited cash-strapped Egypt on Sunday to announce a 7.4-billion-euro financial package focused on boosting energy trade and stemming irregular migrant flows to the 27-member bloc.

The deal will include billions in credit over coming years for highly indebted Egypt, and stepping up energy sales that could help Europe "move further away from Russian gas", said a senior European Commission official.

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