The meetings occurred on the sidelines of the 16th BRICS Summit in Kazan, Russia.

During their meeting, Abdelatty and Russian FM Sergey Lavrov warned against the dangers of ongoing escalations that could drag the whole Middle East into a regional war.

They also affirmed the importance of pursuing a political settlement that ensures regional stability by establishing a Palestinian state as a definitive resolution to the conflict, according to a statement from the Egyptian Ministry of Foreign Affairs.

Moreover, Minister Abdelatty highlighted Egypt's efforts to achieve an immediate and lasting ceasefire in Gaza, secure captives' release, ensure access to humanitarian aid, and work toward halting current escalations.

In his meeting with Brazilian counterpart Vieira, both sides acknowledged that the Israeli aggression threatens the whole region to slip into a wider conflict, stressing the necessity of providing humanitarian and relief aid.

Egypt, along with the US and Qatar, has been mediating indirect talks between Israel and Hamas to reach a ceasefire in the yearlong Israeli war on Gaza.

Cairo has repeatedly urged de-escalating the conflict to prevent the region from descending into a full-scale war.

Egypt-Russia trade
 

Abdelatty and Lavrov also covered various aspects of bilateral cooperation between Egypt and Russia at all levels, including ongoing joint development projects.

Additionally, they discussed several issues of mutual interest and explored ways to enhance bilateral cooperation and promote trade and economic ties in light of their membership in the BRICS.

Trade exchange between Egypt and Russia reached $5.1 billion in the first 11 months of 2023, compared to $4.5 billion in the same period in 2022, marking a 14 percent increase, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

Total Russian investments in Egypt reached $141.2 million in FY2022/2023, up from $64.9 million in FY2021/2022, a 117.6 percent increase.

The number of Russian companies in Egypt has reached 467, operating in various sectors such as oil and gas.

According to CAPMAS, the Russian industrial zone in Egypt is expected to attract investments worth $7 billion and create 35,000 job opportunities.

Egypt-Brazil investments
 

In a separate meeting, FM Abdelatty and his Brazilian counterpart Mauro Vieira discussed opportunities to enhance trade and investment between Egypt and Brazil through bilateral and BRICS frameworks, including using national currencies in trade transactions.

The two ministers highlighted the importance of leveraging expertise and resources from both sides to enhance access to regional and international markets, particularly in Africa. 

Egypt has a significant competitive edge in Africa, especially following the implementation of the Continental Free Trade Agreement (CFTA).

Trade exchange between Egypt and Brazil reached $3.4 billion in 2023, down from $4.2 billion in 2022, marking an 18 percent decline, according to CAPMAS.

Egyptian exports to Brazil rose to $444 million in 2023, up from $438 million in 2022, a 1.3 percent increase.

Meanwhile, Brazilian investments in Egypt were valued at $829,000 in FY2021/2022, compared to $2.4 billion in FY2020/2021, a 65.9 percent decrease.