💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Egypt risks U.S. sanctions over Russian fighter jet deal: U.S. official

Published 11/18/2019, 10:58 AM
Updated 11/18/2019, 11:01 AM
Egypt risks U.S. sanctions over Russian fighter jet deal: U.S. official

By Alexander Cornwell

DUBAI (Reuters) - The United States could impose sanctions on Egypt and block it from future military sales if it goes ahead with a purchase of Russian warplanes, a U.S. official said on Monday.

Egypt earlier this year signed a $2 billion agreement with Russia to buy more than 20 Su-35 fighter jets.

"It puts them at risk of sanctions and it puts them at risk of loss of future acquisitions. It's not a new thing," Assistant Secretary of State for Political-Military Affairs R. Clarke Cooper told reporters at the Dubai Airshow.

"Cairo is clearly aware of this. Its not new news."

Washington could impose sanctions under its Countering America’s Adversaries Through Sanctions Act (CAATSA), which targets purchases of military equipment from Russia.

The Egyptian government could not immediately be reached for comment.

The United States has over the years provided billions of dollars in economic and military aid to Egypt, a long-time ally whose military operates the F-16 fighter jet.

Cooper said using the Su-35 and other Russian weapons systems could pose a threat to a country's ability to operate jointly with the militaries of the United States and other NATO countries.

U.S-ally and NATO member Turkey was this year pulled from the F-35 warplane program by Washington after Ankara went ahead with a deal for the Russian S-400 air defense system.

However, President Donald Trump has stopped short of imposing sanctions on Turkey under CAATSA.

Trump told Turkey's President Tayyip Erdogan last week that for Ankara and Washington to maintain their relationship, the system would either need to be destroyed, compartmentalized or returned to Russia, Cooper said.

"Turkey still remains in the cold on the F-35 program," he said.

Other U.S allies in the region are also exploring major Russian purchases, including Saudi Arabia and Qatar, which have both expressed interest in the S-400, and the United Arab Emirates which signed an outline agreement for the Su-35 in 2017.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.