Jack,
Thank you. I listened to some of the General’s interview and will continue.
Yesterday’s Journal has a good one, headline = Kremlin Boosts Nuclear-Power Sway. The article centers around a brand new nuke plant in Turkey named Akkuyu, which Rosatom built, owns, and will operate, including supplying all uranium fuel. A few nuggets:
"Rosatom…has expanded its global reach in recent years and is the world’s leader in constructing and operating nuclear projects abroad, working on 34 power units in 11 countries from China to Egypt to Hungary. In recent decades, Rosatom has exported more reactors than any other major provider.”
“Despite Russia’s invasion of Ukraine, business boomed last year: Rosatom has said that its foreign sales topped $10 billion last year, a roughly 15% increase from the year before. Rosatom’s total foreign order book is about $140 billion, according to the company. Rosatom has remained mostly untouched by significant Western sanctions amid opposition from some European Union member states like Hungary that rely on it.”
“Russia provides crucial fuel supplies, including about 46% of global uranium-enrichment capacity, according to the World Nuclear Association. The U.S. is one of Russia’s biggest customers of enriched uranium.”
“Rosatom owes its rapid global expansion to its ability to cover the whole nuclear-power supply chain. It mines…uranium, provides funding, designs reactors, builds plants, and disposes of nuclear waste. The company is the world’s only such ‘one-stop nuclear shop’ providing an all-inclusive package, according to a February paper published in the journal Nature Energy.”
Upshot? Russia still has a big profit center, and the U.S. participates in it “bigly”.
Best,
V.
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