South Korea concludes a $ 2.25 billion nuclear deal with Russia. Wasn’t it an ally of the USA?
Often the deployment in the Western bloc is taken as an alibi for the interruption of trade with Russia, but this is not the case for everyone, and, above all, it highlights the economic and cultural backwardness of Europe.
South Korea has signed a Won 3 trillion ($ 2.25 billion) contract with a Russian state-owned nuclear power company to supply components and build turbines for Egypt's first nuclear power plant, they said. officials Thursday.
South Koreans hailed the deal as a triumph for the domestic nuclear industry, even though it created an embarrassing image as their American allies push a campaign of economic pressure to isolate Russia for its war against Ukraine. On the other hand, Seoul is doing great deals.
South Korean officials said the United States has been consulted in advance about the deal and that the technologies provided by Seoul for the project do not run counter to international sanctions against Russia.
According to the Presidential Office and the Ministry of Commerce of South Korea, the state-owned company Korea Hydro and Nuclear Power has been subcontracted by the Russian Atomstroyexport for the supply of certain materials and equipment and for the construction of buildings for turbines and other facilities at the plant under construction in Dabaa. The Mediterranean coastal city is located approximately 130 kilometers (80 miles) northwest of Cairo. We note that the turbines were a specialty of the German Siemens, but, in this case, the contract went to the South Koreans. Who knows why.
Atomstroyexport, also known as ASE, is a subsidiary of Rosatom, a Russian state-owned nuclear conglomerate. The company has a contract with Egypt to supply four 1,200 megawatt reactors until 2030. Korea Hydro and Nuclear Power's part of the project runs from 2023 to 2029.
A senior aide to South Korean President Yoon Suk Yeol said the negotiations were slowed by "unexpected variables", mainly Russia's war against Ukraine and the US-led sanctions campaign against Moscow for its aggression.
Choi Sang-mok, Yoon's senior secretary for economic affairs, said that South Korea has provided the United States with an explanation in advance about its plans to participate in the Dabaa project and that the allies will maintain close consultations as the work progresses. . Evidently the US did not find the supply inappropriate. As part of US sanctions against Moscow, South Korea has halted transactions with Russia's central bank and sovereign wealth funds and banned the export of strategic materials to Russia.
We note that South Korean technology, a country of 50 million inhabitants, is supplanting German and European technology in many markets, not only on turbines, but also in the military sector. Because big is NOT always beautiful.
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Article South Korea concludes $ 2.25 billion nuclear deal with Russia. Wasn't it an ally of the USA? comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-corea-del-sud-conclude-un-accordo-nucleare-da-225-miliardi-di-dollari-con-la-russia-non-era-alleata-degli-usa/ on Sat, 27 Aug 2022 12:29:39 +0000.