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Hungary approves construction of two Russian-built nuclear reactors

Work to begin in coming weeks in move that emphasises ties between Viktor Orbán and Vladimir Putin.

Agence France-Presse in Budapest,Sat 27 Aug 2022 

Hungary has announced that the €12.5bn (£10.6bn) construction of two nuclear reactors by Russia’s Rosatom will begin in the coming weeks after regulators approved the project.

The war in Ukraine has not deterred Hungary’s interest in the project to add to the four reactors already operating at the Paks plant outside Budapest.

The fact it is moving forward is another indication of the close ties between Hungary’s nationalist prime minister, Viktor Orbán, and the Russian president, Vladimir Putin.

“This is a big step, an important milestone,” the Hungarian foreign minister, Péter Szijjártó, said on Facebook after the national regulator issued a permit on Thursday after numerous delays.

………………………….Russia is financing most of the project with a €10bn loan to Hungary, which is paying the remaining €2.5bn.

………… Hungary has obtained exceptions and has negotiated extra deliveries of natural gas……………………….


August 26, 2022 - Posted by | EUROPE, politics

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