Egyptian President Mohamed Mursi will visit Russia next week, a state-run newspaper reported on Friday, in a visit market sources expect to focus on the cash-strapped Arab state's energy, wheat import and financing needs, Reuters reported.

Mursi will meet President Vladimir Putin for talks that would explore "ways to strengthen cooperation between the two countries in all fields", Al Gomhuria reported, citing an anonymous source.

The Syria crisis would be high on his agenda, it said.

Egypt is grappling with an economic crisis caused by more than two years of political instability. The country's foreign currency reserves are at critically low levels and the government is struggling with an unaffordable deficit.

Shortages of imported fuel are disrupting transport and causing power cuts in the country of 84 million. The situation is expected to worsen as summer approaches and Egyptians switch on their air conditioning.

The world's biggest importer of wheat, Egypt has cut back on international purchases this year in the hope of a bumper local harvest.

Several sources on European commodities and energy markets told Reuters the Egyptians may discuss financing needs and oil and wheat supplies during their visit to Russia.

"Talk is that an Egyptian delegation to Russia has both oil and gas as a focus," said one European trader. "Imports by Egypt with delayed payment seem to be on the wish-list."