$90 Billion “stab in the back”

The trilateral security cooperation aims to ensure peace and stability in the Indo-Pacific, US President Joe Biden said in a press conference, and its first initiative is to deliver a nuclear-powered submarine fleet for Australia. This new arrangement has resulted in Australia scrapping a $90 billion contract signed with France in 2016. On Thursday, France’s Foreign Minister Jean-Yves Le Drian called the decision a “stab in the back,” while a Chinese foreign ministry spokesperson said the AUKUS deal “seriously damages regional peace and stability” and “intensifies the arms race.”

AP

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