Rosatom, 15% growth in 2022

Rosatom expects 15% growth in 2022 due to a stable foreign order book despite the war in Ukraine.

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Rosatom expects 15% growth in 2022 due to a stable foreign order book despite the war in Ukraine.

Stability of exports

Rosatom has a portfolio worth about $200 billion over the next ten years. The company hopes to grow its portfolio in the coming years. However, some companies cancel their contracts with the Russian company like Fennovoima.

This increase in exports is due in particular to the contracts already implemented. Fuel supplies, enriched uranium products and conversion services also contribute. In addition, Rosatom is also building 23 nuclear power plants in a dozen countries.

Rosatom is working on the Roopur plant in Bangladesh, but also in Egypt and Hungary, for example. Foreign orders are not falling as a result of the Russian invasion of Ukraine. This supports the dynamism of Rosatom’s activity and the growth of its exports.

An uncertain future

Rosatom’s business is doing well and the company is seeing growth in exports. However, the security around the Zaporizhzia power plant, the largest in Europe, is in question. Rosatom is in talks with the International Atomic Energy Agency about establishing a safety zone around it.

The company cites delays and increased risks resulting from the war in Ukraine, particularly for the Hanhikivi project. The Dispute Review Board recently agreed with Rosatom that the termination was illegal. However, this recommendation of the Dispute Review Board is neither final nor binding.

Although it is a Russian state-owned company, it escapes Western sanctions for the time being. This can be explained in particular by its weight in the global nuclear industry. The United States is considering imposing sanctions on Rosatom, but no decision is being made at this time.

 

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