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CAIRO (AP) — The discovery of a huge gas field off Egypt's coast promises to ease a long-running fuel crisis and boost the economy after years of unrest, but it will take years to develop and won't bring Gulf-style riches to the Arab world's most populous country, experts said Monday.
A Russian nuclear official pleaded guilty Monday to a US charge of conspiracy to commit money laundering in a case involving $2.1 million in bribes for contracts with a Moscow-controlled company. The US Justice Department said Vadim Mikerin, 56, was representing Russian nuclear materials trader Tenex in the United States when he helped transfer funds to offshore shell accounts that came from US companies aiming to sell services to Tenex and its parent, Russian's State Atomic Energy Corporation. The department said the payments, made between 2004 and 2014 for contracts to transport Russian uranium, violated the US Foreign Corrupt Practices Act.