Here I assume $R$ has a unit, in accord with
http://en.m.wikipedia.org/wiki/Ring_(mathematics); I also take it as understood that ${\frak u} \ne \{0\}$.
Note that ${\frak u} R$ is a two-sided ideal in $R$, for if $r \in R$, $r \frak u \subset \frak u$ since $\frak u$ is a left ideal; thus $r {\frak u} R \subset {\frak u} R$, showing ${\frak u} R$ is a left ideal. Likewise, ${\frak u} R$ is a right ideal, since $R r \subset R$ implying ${\frak u} R r \subset {\frak u} R$; so ${\frak u} R$ is two-sided. Now $R$, being a simple ring, has no two-sided ideals other than $\{0\}$ and $R$ itself. Note that since $\{0\} \ne {\frak u} = {\frak u} 1_R \subset {\frak u} R$, ${\frak u} R \ne \{0\}$; thus we must have ${\frak u} R = R$.
Note added Sunday 20 July 2014 9:19 PM PST: It strikes me as worth mentioning that for right ideals $\frak v$ we have $R {\frak v} = R$, by an argument which simply reverses the roles of left and right in the above. End of Note.
Hope this helps. Cheers,
and as always,
Fiat Lux!!!