Rosatom’s Success and European Prospects

NEW – September 26, 2022

The European Union is reconsidering its attitude to nuclear energy

Against the background of the energy crisis: both in terms of volumes and prices of energy supply on the world market, many countries, including those from the Alliance of Democracies, are reconsidering their attitude to nuclear energy, recognising it as “clean” and “green”. What are the prospects for Russia in this regard?

The attitude to nuclear energy is being reviewed not by individual countries, but by the entire European Union. Back in the winter of this year, it was decided that nuclear energy belongs to “green”, and investments are allowed in it. This provision will become law on January 1, 2023. That is, starting from the New Year, any European country that intends to build or modernise nuclear power plants, expand the capacity of the nuclear sector of its energy sector gets every right to do so.

It is difficult to say what this has to do with the European companies themselves, capable of building nuclear power plants. There are simply no such companies left in Europe, which we see on the example of France, which was once part of the “Big Three Nuclear Power Plants”, and is now building one nuclear power unit in Finland since 2005 and one power unit in France since 2007. It builds and builds, but it can’t build.

Against this background, the undoubted success of Rosatom, which has received a general license for the entire construction of the Paksi-2 nuclear power plant on the territory of Hungary, a country that is part of the European Union, is very, very significant. Time will tell whether there will be countries in the European Union that will decide on mutually beneficial cooperation with Rosatom.

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Boris Martsinkevich

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