British-Russian nuclear power deal reexamined after Crimea crisis

The nuclear energy agreement between Russia’s Rosatom and the U.K. government is being reviewed in light of Russia’s incursion into Ukraine, according to U.K.’s Department of Energy and Climate Change (DECC).

In September 2013, Russia and the U.K. agreed to pursue the construction of new nuclear power plants in Britain by allowing Rosatom to enter the British nuclear energy market. (Read that story here)

The DECC, however, is now putting the agreement under additional scrutiny because of Russian forces occupying Ukraine’s Crimean peninsula. Rosatom has not responded to this development so far.

The nuclear power deal is under the purview of the U.K. Office for Nuclear Regulation and the Environment Agency, which is the country’s nuclear power regulator.

Rosatom also has nuclear generation deals signed with Finnish utility company Fortum Corp. and the power generation technology unit of Britain’s Rolls-Royce.

According to Reuters, a Fortum spokeswoman called Rosatom a reliable partner, but added that the political situation makes it impossible to speculate about the future.

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