Australia Probing Nauru’s $1 Billion China Deal

Date:

Australia Probing Nauru’s $1 Billion China Deal

This general view shows the Civic Center where the Pacific Islands Forum (PIF) took place in Aiwo on the island of Nauru on Sept. 4, 2018. Mike Leyral/AFP/Getty Images

The Australian government is investigating whether Nauru’s new AU$1 billion (US$650 million) development deal with a Chinese corporation breaches an ongoing bilateral security pact.

That pact, agreed to in December 2024, requires Nauru to seek Australia’s consent before entering into any third-party security arrangement, including projects involving critical infrastructure such as telecommunications or banking.

spot_imgspot_imgspot_img

Share post:

More like this
Related

IEA Agrees to Release Record 400 Million Barrels of Oil From Reserves

Iran WarGlobal oil prices pared their gains following the...

Tech Giant Atlassian to Cut 1,600 Jobs in Artificial Intelligence Drive

An AI sign is displayed during the MWC (Mobile...

Minister Says Oil Wont Leave Australia Amid IEAs Massive Stockpile Release

Barrels labelled with the Castrol logo are seen at...

Australia Eases Fuel Standards to Boost Supply Amid Shortage Fears

The Labor government expects the move to add 100...