US threatens $1.5bn ‘aid sanctions’ against Egypt following political unrest


AfricanPress Agency - London (United Kingdom) - The United States has issued a warning, this weekend, that it could withdraw $1.5 billion aid to the crisis engulfed Egypt, calling on President Hosni Mubarak to address ’legitimate grievances’ of protesters.

The warning issued by the White House on Saturday to withdraw $1.5bn aid in annual aid to Egypt, most of it military, came on the heels of an official claim from diplomatic sources here, saying that authorities in Cairo are meeting over a leaked paper alleging that Washington “is a key sponsor” of those they classify as “rebels” who are bent on seeing the downfall of Hosni Mubarak’s administration.

Official report issued here this weekend says that Barack Obama warned President Mubarak that he must reform his regime and refrain from violence against protesters.

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