Page 84 - bne IntelliNews Russia OUTLOOK 2025

alternative carries a steep price tag.
7.4 Electricity production
Russia is constructing over 10 nuclear power units abroad to capitalise on burgeoning energy demands driven by artificial intelligence and developing markets, a senior Kremlin envoy has revealed. As bne IntelliNews reported, uranium is the new gas and Russia remains one of the main sources of enriched nuclear fuel. At the same time, Russia’s nuclear exports are booming as it seeks to tie more countries to itself using 60-year fuel supply and service contracts that come with Russian-built nuclear power plants (NPPs). The country’s intensified nuclear efforts reflect a broader strategy to solidify its global influence, with projects underway in countries such as Bangladesh, China, Egypt, India, Iran and Turkey. Despite heavy sanctions targeting its oil and gas industries following the invasion of Ukraine, Moscow has bolstered its role as a major provider of nuclear energy.
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