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RUSSIA

Untouched by Sanctions, Rosatom Stokes Growth

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Since the war in Ukraine began nine months ago, Russia’s Rosatom has avoided Western sanctions and succeeded in meeting key construction deadlines. It is steadily growing its business, signing new deals and negotiating new projects, one of which involves a second nuclear plant in Turkey. Thus far the only substantial casualty has been the 1,200 megawatt Hanhikivi project in Finland, but the corporation has shrugged this off and is plowing ahead with a newbuild program that boasts 34 reactors of various sizes. Fuel services remain a salient risk, but for now the Russians are confident there is no alternative capacity for supplying the fleet of VVERs in Eastern Europe.

Topics:
Nuclear, Nuclear Fuel, Nuclear Newbuilds
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