In early June 1956 Shepilov went back to Egypt and offered Soviet assistance in building the Aswan Dam, which was eventually accepted after a competing American-World Bank offer was withdrawn in July 1956 in the context of general deterioration of Western-Egyptian relations.
In June 1956, Shepilov traveled back to Egypt and proposed Soviet support for building the Aswan Dam. The offer gained traction after an American-World Bank proposal was rejected in July 1956, amidst deteriorating ties between Western powers and Egypt.