Russia is using cut-price nuclear energy deals as leverage to influence EU states and shore up long-term alliances in the Middle and Far East, according to energy analysts.
Analysis of recent deals secured by Russia’s state nuclear corporation Rosatom reveals a costly drive by Moscow to lock countries including Hungary, Bulgaria, Slovakia, the Czech Republic, Iran, Turkey, Jordan, Egypt, India, Bangladesh, Vietnam and Argentina into arrangements that will mean they rely on a supply of nuclear fuel from Russia for decades.
Russia recently agreed a €10 billion loan deal to expand and supply Hungary’s Paks nuclear power plant, one of several ongoing …read more
Source: Newsweek
