Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


(Reuters) – Russia’s Rosatom expects its 2022 exports growth at 15%, while its foreign order portfolio has remained stable at $200 billion, the state nuclear energy company’s Chief Executive Officer Alexei Likhachev told the Russian Izvestia newspaper.

“[Exports will grow] by about 15%. But one must understand that this is far from the limit,” Izvestia quoted Likhachev as saying in remarks published early on Monday.

The growth comes, among others, from contracts already being implemented, supplies of fuel, enriched uranium products, as well as conversion services, Likhachev said. It also includes the construction of 23 nuclear power units at projects in a dozen countries, he added.

Since the Russian invasion of Ukraine 10 months ago, Rosatom has avoided Western sanctions, although the United States was weighing them earlier this year.

Even in such conditions, our portfolio of foreign orders for 10 years ahead is stable at the level of $200 billion,” Likhachev said. This year we will overcome a psychologically important barrier in the supply of our products abroad in the amount of $10 billion.”

Rosatom has been in talks with the International Atomic Energy Agency about a safe zone around Ukraine’s Russian-controlled Zaporizhzhia nuclear power plant, Europe’s largest, which Russian troops captured in March.

In August, Rosatom and its Finnish partner Fennovoima have filed claims for billions of dollars in damages from each other over Fennovoima’s decision to cancel a planned nuclear power plant in Finland.

The Fennovoima consortium, in which Russia’s state-owned Rosatom has a 34% minority holding, in May terminated a contract for Rosatom to build a nuclear power plant in the cape of Hanhikivi in northwest Finland, citing delays and then increased risks resulting from the war in Ukraine.

Earlier in December, Rosatom said that the Dispute Review Board (DRB), an arbitration panel that settles international contract disputes, ruled the Finnish termination to be “illegal”.

Fennovoima said on its website on Dec. 15 that the Board’s recommendation was neither final nor binding and that the consortium had filed a notice of “dissatisfaction” with the Board.


(Reporting in Melbourne by Lidia Kelly; Editing by Muralikumar Anantharaman)


Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts