South Korea reached an agreement with Russia’s state-run nuclear giant to jointly construct a reactor turbine despite sanctions and widespread global hostility toward Russia, The Associated Press reported Thursday.
South Korea’s state-run Korea Hydro and Nuclear Power (KHNP) and ASE, a subsidiary of Russia’s Rosatom, will collaborate in a $2.25 billion venture to provide components for Egypt’s first nuclear reactor, according to the AP. Economic affairs chief Choi Sang-mok said the U.S. ally consulted with the U.S., who has led the sanctions regime to isolate Russia from the global economy, before striking the deal.
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