Nuclear Energy The New Geopolitical Battleground

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Russia News

China,Nuclear Energy,Economy

Russia's declining influence in the global nuclear energy market due to the war in Ukraine is pushing power and profit toward China.

While the west has had a considerable amount of success imposing energy sanctions on Russia in response to the ongoing war in Ukraine, Russian nuclear sector exports have proven harder to kick. But now, as more western nations get serious about cutting Russia out of their nuclear energy supply chains, they are pushing more and more economic and geopolitical power into the hands of China.

Bulgaria has pleaded with the United States to help get out from under Russia’s nuclear thumb, and Hungary seems to be trying to get out as well Rosatom’s Paks II nuclear power plant in Hungary has been delayed and over budget since its earliest planning phases in 2014, but the setbacks have intensified in recent years as Europe’s stance toward the Kremlin and heightened security measures have complicated Russia’s ability to finalize the project.

 

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