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Never mind about sanctions – Russia’s export of nuclear products and services is soaring

Russia’s state nuclear energy company Rosatom expects its exports to have
increased by 15% this year, chief executive Alexey Likhachev was quoted as
saying by Russian newspaper Izvestia on Monday. Rosatom’s portfolio of
foreign orders is set to remain stable at $200 billion, “even in the
current geopolitical situation,” Likhachev said.

Supply of Rosatom products and services abroad is expected to top $10 billion this year, the
top executive of Russia’s state nuclear energy corporation said. The rise
in exports this year is due to contracts Rosatom was already implementing,
as well as its supplying of fuel, conversion services, and enriched uranium
products, according to Likhachev.

Rosatom has avoided sanctions since
Russia’s invasion of Ukraine because of its importance in the supply chain
of the global nuclear power industry. Yet, many Western governments and
customers have been looking to procure alternative nuclear fuel supply,
where possible, so as not to rely on a Russian state corporation for part
of their energy needs.

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December 26, 2022 - Posted by | business and costs, Russia

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