News
Publish date: October 30, 1998
Written by: Thomas Nilsen
News
Three weeks ago, Leningrad nuclear power plant was sued by the company Rosvooruzheniye KBR, which holds two million roubles in promissory notes issued the nuclear power plant. The Arbitrage Court of St. Petersburg agreed to open the bankruptcy case, but on Thursday October 29, the court said they need a financial analysis before they can continue with the court hearings.
According to St. Petersburg Times, the law firm Grigoryev & Co, which represent Leningrad nuclear power plant, says the economical analysis could take up to three months. The law firm said that the nuclear power plant’s balance of claims and liabilities is positive. The plant has a debt receivable of 3,9 billion roubles ($224 million) and accounts payable of 3,8 billion roubles effective August 1.
"The bankruptcy of Leningrad nuclear power plant, which slowly pays off its debt, would be unfavourable for both the company and its creditors," said Aleksandr Gregoryev, representative of the law firm on behalf of the nuclear power plant.
Throughout the past year, our mission at the Bellona Environmental Transparency Center has focused on two key, but intertwined issues—nuclear and radiation safety as Russia’s invasion of Ukraine drags on, and the worldwide influence of Rosatom, Russia’s state nuclear corporation, which itself is actively involved in the war and has participated in the occupation of a Ukrainian nuclear power plant.
At the beginning of the year, reports in the German and Russian press suggested an approximate 70% increase in uranium imports from Russia to Germany in 2024. But does this reflect broader European trends? It does not. Overall, imports of uranium and nuclear fuel from Russia to Western countries actually dropped sharply in 2024. Unlike the situation in Germany, this is already an established trend.
A Lingen, Germany plant could begin producing nuclear fuel in cooperation with a subsidiary of Rosatom, Russia's state nuclear corporation, which is directly involved in the war in Ukraine and occupying the Zaporizhzhia nuclear power plant.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.