|

Vietnam and Russia sign nuclear energy deal

By

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…

|

Vestas and Fortum settle arbitration over Russian wind energy projects

By

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…