00:00Euronews column reported that Malaysia is seeking $216 million, $251 million in compensation from Kongsberg Defense Aerospace, after a missile
00:11deal was cancelled.
00:12The dispute began when Norway revoked export licenses for the naval strike missile system that Malaysia had ordered for its
00:20naval warships.
00:21The agreement was originally signed in 2018, and Malaysia says it had already paid about 95% of the contract
00:31value, according to Malaysian Defense Minister Mohamed Khaled Nordin.
00:36The compensation claim includes not only the money already paid, but also extra costs linked to removing installed systems and
00:45finding replacement missile systems for the ships.
00:48Malaysian Prime Minister Anwar Ibrahim criticized Norway's decision as unilateral and unacceptable, saying it could affect Malaysia's defense readiness.
01:00Norway, however, defended the move by saying its updated export policy limits advanced defense technology sales, to close allied nations
01:10only.
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