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Europe is still quietly importing Russian nuclear energy

CNBC, Sam Meredith @SMEREDITH19 14 Oct 22,

  • Russia’s nuclear fuel industry remains conspicuously untouched by European sanctions more than seven months into the Kremlin’s war in Ukraine
  • Despite eight rounds of sanctions, shipments of nuclear fuel to EU member states continue to make their way from Russia.
  • Ariadna Rodrigo, EU sustainable finance manager at environmental group Greenpeace, told CNBC that it is “absolute madness” for the bloc to continue bankrolling the Kremlin by ignoring Russian nuclear trade.

………………………………………………. Russia’s energy influence goes beyond oil and gas

In April, a European Parliament resolution called for an “immediate” embargo on Russian imports of nuclear fuel and urged member states to stop working with Russia’s state-run nuclear giant Rosatom on existing and new projects.

But Russia is a dominant player in the global nuclear fuel market and any move to break the EU’s reliance on its services would likely be far from pain-free, particularly with Rosatom at the heart of Europe’s dependency……………

There are 18 Russian nuclear reactors in Europe, in countries including Finland, Slovakia, Hungary, Bulgaria and the Czech Republic. All of these reactors rely on Rosatom for the supply of nuclear fuel and other services.

Underlining the scale of Russia’s nuclear energy influence in some member states, even as the Kremlin’s onslaught in Ukraine continues, Hungary in late August announced the construction of two new nuclear reactors by Rosatom.

Moscow accounted for almost one-fifth (19.7%) of the EU’s uranium imports last year, according to the latest available data from the Euratom Supply Agency. Only Niger (24.3%) and former Soviet republic Kazakhstan (23%) were bigger suppliers of uranium to the bloc.


October 14, 2022 - Posted by | business and costs, EUROPE

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