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Eastern EU will develop nuclear energy without Russia

Wednesday, February 22, 2023

Significance

High electricity prices and concerns about Russian energy supplies have put the eastern EU nuclear industry into the spotlight. Finland, Bulgaria, the Czech Republic, Hungary and Slovakia operate 19 nuclear reactors relying on Russian fuel and technology.

Impacts

  • New Russia-led projects such as Hungary’s Paks II nuclear power plant are increasingly unlikely to go forward.
  • Russia’s reduced footprint in the nuclear sector will decrease its political influence.
  • Eastern EU member-states will rely on sources other than nuclear power to address immediate electricity-supply challenges.

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