Tourists build a sand pyramid at a closed beach in the Red Sea resort of Sharm el-Sheik (AP)
Nadezhda Nazina, Russian deputy minister of sports and tourism, stated that Russian tourism to Egypt has declined by 20 per cent, according to the Federation of the Russian Tourism Industry, in the wake of several shark attacks in Sinai.
Nazina added that, "The sooner the Egyptian side settles the problem and provides security at its beaches, the less tourists will refrain from trips to Egypt."
Nazina confirmed that the Russian Ministry of Sport, Tourism and Youth Policy would examine the security situation and update Russian tourism companies as needed. She declined to represent the situation as "uncontrolled", noting that a state of emergency had been declared in Sharm El-Sheikh.
Nazina's comments came during a joint press conference with an Egyptian delegation that arrived yesterday in Moscow.
Helmy Bedir, adviser to the Egyptian minister of tourism, announced that the Egyptian government would pay $50,000 in compensation to Russian tourists affected by shark attacks in Sharm El-Sheikh.