"Russia has been steadily expanding its global nuclear footprint through its state-owned nuclear corporation Rosatom and its subsidiaries. Russia provides financing or technological support and exports complete nuclear-power-plant solutions from building infrastructure to supplying the core component, the Nuclear Steam Supply System, which drives power generation."
"Russia has a strong interest in keeping this business going because it generates substantial revenue. Rosatom's 2024 Performance report states that revenue from overseas projects increased by 10% year on year to $18 billion (15.5 billion)."
"While Finland canceled a contract with Rosatom shortly after Russia's full-scale invasion of Ukraine in 2022, elsewhere, Russian-backed nuclear projects continue: the Rooppur plant in Bangladesh, El Dabaa in Egypt and Balkhash in Kazakhstan, for example."
Following Russia's invasion of Ukraine, Western nations have imposed significant sanctions on Russian oil and gas exports, but the nuclear energy sector has received minimal sanctions attention. Russia's state-owned nuclear corporation Rosatom and its subsidiaries continue expanding globally by providing financing, technology, and complete nuclear power plant solutions to countries including Bangladesh, Egypt, and Kazakhstan. Rosatom generated $18 billion in overseas revenue in 2024, a 10% year-on-year increase. While this represents a fraction of Russia's oil and gas revenues, the nuclear sector's strategic importance extends beyond financial metrics, as Russian-backed nuclear projects continue construction despite geopolitical tensions.
#russia-nuclear-sanctions #rosatom-global-expansion #nuclear-energy-geopolitics #ukraine-war-economic-impact
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]