The Arctic as a resource base
What’s wrong with Russia’s official documents on the Arctic.
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Publish date: March 3, 2009
News
The Siemens-Rosatom joint venture plans to further develop Russian pressurized-water reactor technology and will handle marketing, sales and the construction of new nuclear power plants as well as modernization and upgrades of existing plants. Rosatom will hold the majority stake with 50 percent plus one share.
Siemens recently announced it would exit its agreement with France’s state-controlled Areva and will wind down their joint venture, Areva NP, by 2012. Siemens holds a 34 percent stake in the nuclear venture, which Areva will pay for.
A report in the Financial Times said Areva estimated the 34 percent at €2 billion ($2.5 billion) at the end of 2007, but analysts have said the stake’s current value has risen, helped by prospects of rising worldwide demand for nuclear reactors.
What’s wrong with Russia’s official documents on the Arctic.
As uranium supplies from Russia fall under the shadow of potential sanctions, and while Ukraine’s allies look to wean themselves off nuclear fuel produced by Moscow’s Rosatom corporation, owners of left-for-dead mines in the US are looking to revive their deposits.
The European Union doubled its purchases of Russian nuclear fuel in 2023, data from Eurostat and the UN’s international trade service Comtrade show.
The output of Russian nuclear power plants in 2023 decreased by 2.8% compared to 2022. A decrease in output occurred for the first time in 10 years a...