MOSCOW, November 8 (RIA Novosti) – Russia will supply modern weaponry to Egypt, provided that Cairo is able to finance the purchases, a high-ranking official at Russia’s state arms exporter Rosoboronexport said Friday.

Rumors about Egypt turning toward Russia for military assistance to meet its security needs, following the partial suspension of military aid and equipment deliveries from the United States, have been circulating in the media since last week.

Various reports indicated that Egypt is considering spending at least $4 billion on advanced weaponry from Russia.