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Monday, June 23, 2014

U.S. Releases $575 Million of Suspended Funds to Egypt

AH-64D ApacheThe United States has released about $575 million of the suspended funds to Egypt over the past 10 days, Reuters reported an unnamed State Department official as saying.

The United States froze some of the $1.3 billion in annual military aid to Egypt following the military's ouster of Islamist President Mohamed Mursi last year, which was prompted by mass protests against his rule.

It also withheld deliveries of tanks, fighter aircraft, helicopters and missiles as well as $260 million in cash aid pending Egypt's progress on democracy and human rights.

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