The movement away from a one-party system…
1977 CE
Sadat hopes that his new political and economic policies will attract large sums of private American investment.
He also feels that the United States is the only country that can pressure Israel into a final peace settlement.
To enhance relations with the United States and to respond to the Soviet Union's refusal to reschedule repayments of Egypt's debt, Sadat had unilaterally renounced the Soviet-Egyptian Treaty of Friendship and Cooperation on March 15, 1976.