Russia-Egypt nuclear deal signed and is signaling Russia’s investment in building its own military alliance.  Agreement was reached during talks in Moscow between Egyptian President Hosni Mubarak and President Vladimir Putin.

Russia will now be able to bid to build the first of four atomic power stations Egypt plans.  Mr Mubarak was quoted by the Interfax news agency as saying the agreement had come after “difficult” negotiations.

Russia is already building nuclear reactors in China, India and Iran. An Iranian plant at Bushehr is reported to be close to completion.  Read Full Article

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