Russian exports of nuclear energy are increasing

(MENAFN) According to a report from Bloomberg on Tuesday, which was based on data gathered by the United Kingdom's Royal United Services Institute, sales of Russian nuclear fuel and equipment surged last year as imports by European Union nations reached their highest level in three years (RUSI).

In line with the data derived from Russian customs records, the strategic industry's exports of nuclear fuel and technologies increased by almost 20 percent in the last year as the United States and its allies refrained from penalizing the nuclear sector.

Despite Kiev's protests, the Russian nuclear sector has so far remained unregulated, which is crucial for the running of many European power plants. Around one-fifth of the enriched uranium required for the 92 reactors in the United States is supplied by Rosatom, the state-owned nuclear company of Russia. 100 million people in Europe receive their electricity from utilities that rely on this corporation.

The Global Nuclear Industry Status Report states that 20 of the 53 reactors that were being developed across the world as of mid-2022 were being built by Rosatom, 17 of which are located outside of Russia.


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