World Of Trade: South Korea Signs $2.25 Billion Deal With Russia Nuclear Company

Countercurrents | August 26, 2022

The world of trade is having interesting developments.

An AP report from Seoul said:

South Korea landed a 3 trillion won ($2.25 billion) contract with a Russian state-run nuclear energy company to provide components and construct a turbine building for Egypt’s first nuclear power plant, officials said Thursday.

The South Koreans hailed the deal as a triumph for their nuclear power industry, although it made for awkward optics as their American allies push an economic pressure campaign to isolate Russia over its war on Ukraine.

South Korean officials said the U.S. was consulted in advance about the deal and that the technologies being supplied by Seoul for the project would not clash with international sanctions against Russia.

Egypt: Protesters Vent Fury At Islands’ Handover

Morning Star | 26th April, 2016

POLICE fired tear gas and birdshot yesterday to break up protests against the ceding of two Red Sea islands to Saudi Arabia.

Demonstrators called on President Abdel-Fattah el-Sissi to resign over the decision to surrender the islands of Tiran and Sanafir, at the mouth of the Gulf of Aqaba, in the second such protest in two weeks.