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Russian nuclear energy deals with Egypt reach almost $60bn

Russian state corporation Rosatom, which is building Egypt’s first nuclear power plant (NPP), has a range of contracts worth tens of billions of dollars with the country, the company’s chief has announced. According to Rosatom head Alexey Likhachev, the company launched a commercial package of all Egyptian contracts in mid-December. It includes the construction of […]

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3 years of Yemen bloodbath marked by US & UK arms deals with Saudis

Saudi Arabia’s military intervention in Yemen turns three, with no end to the bloodshed in sight. Riyadh’s ‘modernizer crown prince’ just got plenty of new weapons from US and Britain for the occasion. It’s quite ironic that one of the biggest humanitarian disasters of our time stems from the events that were hailed in the […]

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Venezuelan state oil firm to strike deals using national cryptocurrency

Venezuelan President Nicolas Maduro has ordered the country’s state energy company PDVSA to close some of its purchase and sale deals using the national commodity-backed digital currency ‘petro.’ The country’s oil ministry tweeted the president’s directive, which also applies to Venezuelan state-run conglomerate CVG, which is charged with economic development in the Guayana region. It […]

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Russia inks huge energy deals with Saudi Arabia, challenging US dominance in Gulf region

Hidden by the fog of the ongoing oil market volatility and the Turkish adventures in Syria, OPEC leader Saudi Arabia has been cementing its geopolitical position for years. In Riyadh meetings this week between Saudi and Russian officials, major energy deals were sealed, changing the regional constellation dramatically. At the same time, the geopolitical shift […]

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US State Dept boasts 'billions' of arms deals diverted from Russia, refuses to name any

The State Department has hailed its “real success” in deterring Russian defense exports, claiming Moscow will come up “several billion dollars” short. Officials, however, could not specify which deals were ‘derailed.’ The State Department on Tuesday praised its own efforts to punish Russia for its “malign activity” by warning countries “around the world” of the […]

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