The $100 billion overseas order book of Russia’s nuclear power plant builder Rosatom — bigger than all its Western competitors combined — makes it look like the giant in its field. But if the company — formed in 2007 from the Russian Atomic Energy Ministry and tasked with turning nuclear power into a major export industry — is ever to reach its potential as a global industrial giant, it will have to shed Russia’s reputation for using energy policy as a means to political ends. Deal after deal has collapsed in Europe, where individual countries and the European Union as a whole consider it a priority to reduce dependency on Russian energy, and relations have deteriorated over Moscow’s intervention in Ukraine. A project in fast-growing, energy-hungry Turkey — possibly the ideal market on paper — has been stalled because of a collapse in relations between the two countries supporting opposite sides in the Syrian civil war.
Reuters 26th June 2016 read more »