14 Aug 2023 18:41

Rosatom slightly boosts fuel deliveries to friendly nations, sees no prospects in Europe - CEO

MOSCOW. Aug 14 (Interfax) - Rosatom State Corporation has slightly increased supplies to friendly countries and sees no prospects in the European market, CEO Alexei Likhachev said in a meeting with Russian President Vladimir Putin.

"We have maintained and even slightly increased supplies to all our countries, but supplies to friendly countries are growing especially noticeably. These are Asian countries, China, the Middle East, Africa. There we have up to 60-70% growth of various types of supplies in the NFC [nuclear fuel cycle]," he said.

"At the current point," the company does not see "particular growth prospects in the European market, and not only because of the unfriendly attitude toward us there, but also because there is no growth potential there," Likhachev said.

The Russian nuclear sector is not under large-scale sanctions imposed by the European Union. Certain Rosatom entities were subject to US and UK sanctions earlier. The U.S. SDN list included the Russian carbon fiber manufacturer Umatex, which is part of Rosatom, as well as Rusatom Overseas and Atomflot. The UK imposed sanctions on Rosatom CEO Alexei Likhachev, Atomflot and Ranera.