Contents tagged with Rosatom

  • Norwegian seismologists: Severodvinsk incident may have involved two blasts

    According to representatives of the Norwegian Seismic Array (NORSAR), there may have been two explosions two hours apart in northern Russia on August 8.

    The blast, which took place during the testing of a rocket engine and killed five Rosatom employees, caused a second explosion two hours later. According to the Norwegian researchers, the second one was more likely the source of the radiation emission. NORSAR believes that the second blast may have come from a cruise missile with radioactive …

  • Putin promises Egypt $25 billion in assistance

    Russia will grant Egypt a loan of $25 billion for the Al Dabaa Nuclear Power Plant, Russian President Vladimir Putin announced at a session of the Valdai Discussion Club in Sochi.

    The Russian State Atomic Energy Corporation Rosatom will be providing the reactors for the plant.

    “We have great plans to collaborate [with Egypt] in the economic sphere,” Putin said, “This will involve energy, not just hydrocarbon, but also nuclear energy”.

    “We are starting to build a nuclear power plant, as you …

  • Russia to begin construction of two nuclear reactors in Hungary

    The Russian state corporation Rosatom will soon begin the construction of two new power units at the Paks nuclear power plant in Hungary, as announced on Tuesday by Russian President Vladimir Putin at a joint press conference with Hungarian Prime Minister Viktor Orban.

     “Rosatom will soon start the construction of two new power units at the Paks nuclear power plant,” said Putin after the talks with Orban.

    Putin stressed that the commissioning of additional capacity will allow doubling the …

  • New US sanctions may threaten Russia's nuclear industry

    The new USA sanctions bill imposes restrictions on the importation of low-enriched uranium from Russia until 2031 which might affect the Russian state atomic energy corporation Rosatom.

    The newspaper Kommersant reports that this measure may affect the key market of Rosatom. In 2017, Rosatom's Techsnabexport (TENEX), a subsidiary that works mostly with nuclear power plants, received more than 40% of its revenue from exports of low-enriched uranium to the United States.

    Earlier, the USA …

  • Kremlin bans Russia's state-owned corporations Roskosmos and Rosatom from entering US market

    Without waiting for the results of the State Duma’s discussion of a package of counter-sanctions, the Russian government has banned the State Corporation for Space Activities, Roskosmos, and the state nuclear energy corporation, Rosatom, from making contracts with companies from countries that uphold anti-Russian sanctions.

    The newspaper Kommersant reported with reference to a source in parliament and to the directors of the state corporations that the decision was intended as a response to …