JamesQube / Pixabay Koreans hailed the deal as a triumph for their nuclear energy, but the deal is causing controversy over sanctions against Russia. Representatives of South Korea However, they said that the US had previously been consulted on the deal, and the technology Seoul provided for the project would not conflict with international sanctions against Russia. As reported by the Korean President’s office and the South Korean Trade Ministry the state-owned Korea Hydro and Nuclear Power has become a subcontractor of the Russian Atomstroyexport. It is to provide materials and equipment and collaborate in the construction of turbines and other structures at a factory built in Dabaa, Egypt. The coastal city of the Mediterranean Sea is located approximately 130 kilometers northwest of Cairo. Atomstroyexport, also known as ASE, is a subsidiary of Rosatom – the state-owned Russian nuclear conglomerate. The company has a contract with Egypt for the supply (by 2030) of four 1,200 MW reactors. Part of the Korea Hydro and Nuclear Power project covers the period 2023-2029. Chief Adviser to the President of South Korea Yoon Suk Yeola said the negotiations were slowed down by “unexpected variables” – mainly Russia’s war with Ukraine and US sanctions on Moscow. The Korean President’s office expressed the hope that the participation of South Korea. in the Dabaa project, it will help the country gain a foothold in future nuclear projects in Africa, as well as increase the chances of Korean exports to countries such as the Czech Republic, Poland and Saudi Arabia. The current sanctions against Moscow do not include specific restrictions related to nuclear energy, and the Biden administration – experts emphasize – would not be interested in interrupting the implementation of a key project for Egypt, which it sees as a key partner in the region. Although the situation may change depending on the situation related to the war in Ukraine and subsequent sanctions. As part of the U.S. sanctions against Moscow, South Korea. concluded transactions with the Russian central bank and sovereign wealth funds, and banned the export of strategic materials to Russia. Experts believe the transaction would not be possible without US export approval, as the components supplied by Korea Hydro and Nuclear Power likely contain US-sourced technology. Yoon’s office said the Dabaa project is South Korea’s largest nuclear power technology export project since 2009, when a Korean consortium won a $ 20 billion contract to build nuclear reactors in the UAE. President Yoon – a conservative who took office in May – has pledged to increase exports of South Korean nuclear technology, an export that has been undermined by the policies of his liberal predecessor, Moon Jae-in. Moon Jae-in sought, according to Yoon, to reduce the country’s dependence on nuclear energy. In a statement on Facebook, Yoon wrote that the deal confirms South Korea’s “advanced technology and security, and strong supply chains.” in the nuclear energy sector. His government has set itself the goal of exporting 10 nuclear reactors by 2030. Associated Press / KR
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