Russia’s Energy Minister, Sergei Tsivilev has stated that Russia has enough oil and gas supplies to meet its own needs, fulfill outstanding contracts, and supply all countries who ask for deliveries. He said ‘a profound transformation is happening, even in mindsets’ as regards global energy supplies and Western sanctions policies.
Russia has invited scientists from ‘friendly countries’ to participate in nuclear energy research at the world’s largest such facility, RIAR in Dimitrovgrad. This excludes European scientists. We examine the differences between Russia and Europe’s nuclear power generation capabilities, the reasons for this exclusion and Rosatom’s developing plans for expanding nuclear energy use on an international basis.
Russia’s Uranium One Group (part of TENEX, a Rosatom subsidiary) and Brazil’s NBEPar have signed an agreement to establish a joint venture in Brazil. Part of the new companies remit will be to assess and develop uranium deposits in the country with an additional view of developing Brazil’s nuclear energy sector.
The Russian government has approved another four Russian-made, Chinese branded vehicles for use as taxis. We provide the full list of approved vehicles for this market. Demand for taxi rides is a fast growing sector of the public transport industry in Russia.
Russia’s Red Wings airline is to start direct flights from Krasnodar to Bodrum in Turkiye during the period June-October to cater for the summer holiday season. Krasnodar airport was closed for three years between 2022-25 due to the special operation in nearby Ukraine. Russian tourists have become a sought-after commodity as they have higher levels of disposable income than Europeans and spend more at their destinations.
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Russia and Vietnam have signed Nuclear Energy Agreements that pave the way for the development of a NPP in Vietnam. The agreement provides for the construction of a 2,400 MW NPP, and regulates the terms and key areas of cooperation between the parties in implementing the project. It sets up the necessary legal framework for the plant’s construction and will determine the course of Russian-Vietnamese nuclear cooperation for decades to come.
Rosatom have begun work on Kazakhstan’s first Nuclear Power Plant and is looking to expand cooperation with other international partners in Kazakhstan’s growing nuclear energy industry. The country possesses significant uranium reserves.
Russia’s Rosatom nuclear energy company have begun pouring concrete as part of the initial construction process for Uzbekistan’s NPP in the Jizzakh region. It is part of the construction of a small nuclear power plant unit with a RITM-200N reactor and is expected to provide about 14% of Uzbekistan’s total energy needs.
Russia’s Segezha Group plans to begin supplying LNG tanker plywood to an Asian – possibly South Korean – shipyard for the construction of seven LNG container vessels. Segezha estimates that annual global demand for LNG plywood in shipbuilding totals tens of thousands of cubic meters and intends to be a major industry supplier.
Russia is looking to increase supplies of pork and grain to Vietnam after Vietnam’s Prime Minister, Pham Minh Chinh discussed the matter with Russia’s Minister of Agriculture, Oksana Lut, in Moscow. Vietnam has Asia’s highest per capita consumption of pork meat.
The crisis in the Middle East is drastically affecting Russian oil prices and creating fluctuations in the value of the Ruble. We examine the implications, how the Russian government is benefiting, while at the same time being cautious and managing the situation. We provide analysis of how these issues can be expected to impact the Russian economy and the Russian domestic consumer over the course of this year.
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