Nuclear Energy Archive

It has been a busy week for Egyptian President Abdel-Fattah el-Sissi. On Monday, he had to apologize to his Gulf Arab patrons for a leaked audio recording, purportedly of him and two of his generals mocking the oil-rich monarchies and scheming how to squeeze them for billions. “Man, they have money like rice,” says a man identified as el-Sissi on the alleged recording, which revealed more than just the scorn Egypt’s junta has for its foreign backers and for everyday Egyptians. As the Egyptian blogger known as Baheyya wrote, in the “frank, relaxed banter,” Egypt’s current ruler and two of […]

Russia’s trade with China continues to grow despite the precipitous collapse in the value of the Russian ruble and the unprecedented Western economic sanctions imposed on Russia last year following Moscow’s annexation of the Crimean Peninsula. Indeed, China’s economic importance to Moscow has increased as Russia’s commercial relations with Europe, the United States and Japan stagnate. Yet the Russia-China economic relationship is imbalanced, with Russia sending mostly natural resources to China and importing mostly Chinese consumer goods. As a result, the two countries will find it difficult to deepen their economic cooperation much further unless it expands to encompass high-value […]