Russia

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Russia to launch closed fuel cycle nuclear system by 2030
By September 29, 2025September 29, 2025

Russia plans to commission by 2030 the first nuclear power system based on a closed fuel cycle, President Vladimir Putin has announced. The system will allow spent fuel to be reused several times, reducing uranium demand. Putin made the statement at the World Atomic Week forum in Moscow. He said the project will be developed in the Tomsk Region. A closed fuel cycle involves reprocessing used reactor fuel to recover materials that can be used…

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Vietnam and Russia sign nuclear energy deal
By January 16, 2025January 16, 2025

Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support its growing industrial sector. The agreement, between Russia’s Rosatom and Vietnam’s state-owned EVN, is part of a broader set of cooperation deals, though details remain undisclosed. Despite ongoing US sanctions on Rosatom’s subsidiaries, Vietnam continues to strengthen…

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Vestas and Fortum settle arbitration over Russian wind energy projects
By October 15, 2024October 15, 2024

Danish wind turbine manufacturer Vestas and Nordic energy company Fortum have settled their arbitration dispute regarding wind energy projects in Russia. Both parties agreed to drop all past, present, and future claims, with the settlement terms remaining confidential. The dispute began in 2022 when Fortum initiated arbitration at the International Chamber of Commerce in Stockholm. Fortum sought more than $218 million (€200 million) in compensation from Vestas for payments made on wind projects in Russia…

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