Russia is offering to sell Egypt modern helicopters and air defence systems in a landmark deal reportedly worth $2 billion that would mark a revival of large-scale military cooperation, a Russian official said Friday.
Russian Foreign Minister Sergei Lavrov and Defence Minister Sergei Shoigu visited Egypt on Thursday seeking lucrative contracts with the government after the ousting of Islamist president Mohamed Morsi.
Lavrov confirmed that military collaboration was discussed in talks between Shoigu and his Egyptian counterpart General Abdel Fattah al-Sisi but gave no further details.
However Mikhail Zavaly, a senior official with Russia's arms export agency Rosoboronexport who will lead its delegation at the upcoming Dubai air show, confirmed Russia wanted to sell military hardware to Egypt.
"Now we are offering Egypt modern helicopters, air defence equipment and the modernisation of previously purchased military equipment," he told the RIA Novosti news agency.
"The word is now with our partners," he added.
He did not give further details but Russian daily Vedomosti said negotiations were ongoing about the sale of MiG-29M/M2 fighter jets, low range air defence systems and Kornet anti-tank rockets.
Signup to our newsletter and follow us on Facebook and Twitter!
Citing Russian defence sources, Vedomosti said the deals were worth more than $2 billion and could be financed by Saudi Arabia, which was instrumental in the removal of Morsi.
Egyptian officials have been vague on the details of their discussions with the Russian delegation, but the foreign ministry said they agreed "a qualitative shift" in bilateral ties.
In the meetings they agreed to form joint committees to follow up "developing bilateral relations," including military ties, the Egyptian foreign ministry said in a statement on Friday.
The Soviet Union was the main supplier of arms to Egypt in the 1960s and early 1970s but cooperation declined after the peace treaty with Israel when Cairo began to enjoy generous US aid.
However Washington suspended some of its military aid to Cairo after Morsi's ousting and Zavaly confirmed that Moscow had sensed an opportunity.
"There is never a vacuum on the international arms market. If one supplier goes away, then another one appears," he told RIA Novosti.