President Vladimir Putin announced on 24 February 2022 the start of a military operation in the Donbas basin in

The Russian-Ukrainian War: How Will It Affect Egypt? | Faydety

President Vladimir Putin announced on 24 February 2022 the start of a military operation in the Donbas basin in eastern Ukraine. An area that was declared as independent states by Russia not two days before. Russian forces commenced an aggressive military attack and the opening salvo included 6 major explosions in the Ukrainian city Kharkiv.&nbsp;Reports claim Russia is about to enter Ukraine from the Crimean Peninsula. Why is this happening and why now? We explore the issue in this article.&nbsp;For more information on the history of the conflict check our article&nbsp;<a href="https://www.faydety.com/learn/عالم-المال-1/ايه-قصة-لوغانسك-ودونيتسك-اللي-روسيا-اعترفت-باستقلالهم--2040">The Story of Luhansk and Donetsk: Why Did Russia Acknowledge their Independence?</a>&nbsp;<h2>The EU and US standpoint</h2>&nbsp;The EU responded by threatening to impose embargoes on Russia and to freeze its assets preventing it from reaching international markets which will weaken the Russian economy. These restrictive measures were also confirmed by US President Joe Biden.Putin: We don’t want to occupy the Donbas basinPresident Vladimir Putin claims that Russia has no intention of invading Ukraine, and that Russia is only protecting the 2 independent regions in the Donbas basin. He cautioned against foreign interference in Ukraine and called for the Ukrainian troops’ surrender.&nbsp;<h2>The effect of the war on Egypt</h2>&nbsp;<ul style="list-style-type:disc;"><li>The Egyptian tourism sector has been affected by the Russian-Ukrainian war.</li><li>The prices of some strategic goods such as meat and grains are expected to rise by at least 20% in the coming period.&nbsp;</li><li>Egypt imports 13 million tons of wheat each year from Russia &amp; Ukraine.</li><li>Egypt imports corn, barley, soybeans, cooking oil, iron, and steel &amp; its by products from Ukraine.</li><li>Oil (petrol) price are also expected to increase.&nbsp;</li></ul>&nbsp;To know more about the impact of this war on Egypt check out Khairy Ramadan’s interview with Dr. Mohamed Shady member of the Egyptian Center for Strategic Studies&nbsp;<a href="https://www.youtube.com/watch?v=LCiGxp5jMLo">here</a>.

The Russian-Ukrainian War: How Will It Affect Egypt?

Insurance is a contract, in the form of a policy, in which an individual or entity receives financial protection and/or compensation against losses from an insurance company. Insuring something means diverting the burden of payment for its loss from a personal responsibility to one that the insurance company bears on your behalf, in a certain percentage, depending on the type of insurance you have.&nbsp;&nbsp;The insurance company relies on calculating the probability of a loss or damage to an insured asset. If there is a high probability, then the insurance cost tends to be expensive; on the other hand, if the probability is low, the insurance cost tends to be relatively cheaper.&nbsp;Let's start with the basics.&nbsp;<h2>Insurance Policy:</h2>&nbsp;As stated briefly above, an insurance policy is a contract between you and an insurance company. This policy outlines your agreement's details and determines the claims that the insurer is legally required to pay in exchange for a premium. It essentially states that the insurer must pay for any loss or damage caused by risks covered under the policy.&nbsp;<h2>Insurance Premium:</h2>&nbsp;An insurance premium is a certain amount of money that you need to pay periodically in exchange for the maintenance of your chosen insurance policy. If you are unable to pay the premium, the insurance policy will be forfeited. If this happens and you decide you would like to keep your coverage, you may be required to pay a fine or charge a higher premium accordingly.&nbsp;<blockquote>The insurance company relies on calculating the probability of a loss or damage to an insured asset</blockquote>&nbsp;<h2>Types of Insurance:</h2>&nbsp;There are many different types of insurance. Though it is possible to divide them into two basic categories, under which the other types of insurance fall, the two categories are:&nbsp;<h2>Life Insurance / Health Insurance</h2>&nbsp;Life insurance is a contract between you and an insurance company where, in exchange for premium payments paid by you during your lifetime, the company will pay a sum of money to your beneficiaries after your death.&nbsp;&nbsp;Health insurance covers medical expenses that may arise due to illness. These expenses could entail costs of hospitalization, cost of medicines, or medical consultation fees.&nbsp;These insurance types are primarily based on individuals, although some countries go one step further and provide pet insurance. This is because, at times, the cost of medicines and veterinarian visits are higher than the costs of individuals.&nbsp;<h2>Property Insurance / Disaster Insurance</h2>&nbsp;This type of insurance reimburses an individual or business and protects a physical property against loss from theft, fire, natural disasters, etc. Property insurance covers the building or structure itself as well as its contents, whether personal or corporate, including furnishings, inventory, and other items.&nbsp;Get your <a href="https://www.faydetyinsurance.com/en">Insurance Policy</a> Now through Faydety!

What do you know about the Insurance system in Egypt? and what's its Policies, Premium, and kinds? All you need to know about insurance

The Russian-Ukrainian War: How Will It Affect Egypt?

Find out the US and EU’s stance

The EU and US standpoint

The effect of the war on Egypt

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