Current Affairs Global - 21 May 2014

1. Ousted Egyptian president Hosni Mubarak today sentenced to three years in prison by a criminal court for misusing millions of dollars of public funds. The verdict came three years after he was toppled following a popular uprising.

Mubarak, who ruled Egypt for three decades, is also facing trial for abuse of power and conspiring in the killing of protesters during the 2011 uprising.

2. Russia and China have signed gas deal worth of USD 400 billion today. The gas deal was signed in Shanghai during the current visit of Russian President Vladimir Putin to attend the Conference on Interaction and Confidence Building Measures in Asia.

Russia has huge energy reserves and China was looking for alternative energy source to reduce its dependence on Coal due to heavy pollution. This is a significant step for Russian economy which is now facing sanctions imposed by USA and European Union following Ukraine Crisis.