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Ukraine crisis is holding up Russia’s nuclear technology export business

Russian-BearRussia’s Nuclear Energy Ambitions Run Into Trouble Over Ukraine Moscow’s Backing for New Reactors in Several European Countries Fuels Political Tension, WSJ, SEAN CARNEY And  JUHANA ROSSI, 23 Sept 14, 

When it comes to expanding its influence in Europe through energy, Russia has been looking to move beyond natural gas into financing for nuclear-energy projects. But its investment push has become complicated by rising political tensions over the Ukraine crisis.

Several countries along the European Union’s eastern flank have nuclear projects in the works that are intended to help meet the bloc’s climate-policy goals. Funding, however, has become harder to obtain since Germany turned against nuclear power in the wake of Japan’s Fukushima disaster in 2011.

Russia has been seeking to fill the gap in recent months, but is facing more resistance in some places as the EU tightens its economic sanctions on Moscow.

Finland’s government last week came near to breaking up after a conditional permit was granted to a Russian-backed consortium to build a new plant in the country’s northwest that could cost up to €6 billion ($7.7 billion)…….http://online.wsj.com/articles/europe-wrestles-with-russian-nuclear-diplomacy-1411385720

September 24, 2014 - Posted by | politics international, Russia

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