South Korea Signs $2.25 Billion Deal With Russian Nuclear Company
SEOUL—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 United States 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….