Rosatom Corp., Russia’s nuclear holding company, plans to at least triple sales to $50 billion by 2030, as China and India order more reactors and fuel and opportunities emerge in the Middle East, said Chief Executive Officer Sergei Kiriyenko .
Russia offered Ukraine a $1 billion discount on nuclear fuel and joint ventures in atomic power technology as the two countries pursue economic integration since the election of Ukrainian President Viktor Yanukovych.
Iran, under United Nations sanctions for its nuclear program, fulfilled a 36-year quest to join the club of atomic-powered nations today when Russia’s Rosatom Corp. switched on a reactor along the Persian Gulf coast.
Iran, under United Nations sanctions for its nuclear program, said it ended a 36-year quest to join the club of atomic-powered nations when Russia’s Rosatom Corp. switched on a reactor along the Persian Gulf coast.
Uranium Holding ARMZ, a unit of Russia’s state-owned nuclear company, agreed to purchase a controlling stake in Canada’s Uranium One Inc. in exchange for $610 million in cash and interests in two mines.
Russia, one of the world’s biggest oil and gas exporters, aims to become a global leader in nuclear power, too. State-owned nuclear group Rosatom now has 15 reactors under construction worldwide, more than any other international supplier. Five of the 15 are outside Russia, and more are coming soon, Bloomberg Businessweek reports in its Oct. 4 issue.