Global Rubber Market News
  • Home
  • Rubber News
  • Rubber Prices
  • Analytics
  • Synthetic
  • Tire News
  • Financial
No Result
View All Result
Global Rubber Market News
  • Home
  • Rubber News
  • Rubber Prices
  • Analytics
  • Synthetic
  • Tire News
  • Financial
No Result
View All Result
Global Rubber Market News
No Result
View All Result
Home Commodity Market News

Exclusive-EU nuclear agency sees some Russia imports up again in 2023 from before Ukraine war

Renton Campoy by Renton Campoy
August 13, 2024
in Commodity Market News
0
Exclusive-EU nuclear agency sees some Russia imports up again in 2023 from before Ukraine war
Share on FacebookShare on Twitter

Exclusive-EU nuclear agency sees some Russia imports up again in 2023 from before Ukraine war
© Reuters. FILE PHOTO: A view shows cooling towers for new third unit at the Mochovce Nuclear Power Plant, in Mochovce, Slovakia, September 12, 2022. REUTERS/Radovan Stoklasa/File Photo

By Gabriela Baczynska

BRUSSELS (Reuters) – European Union increased imports from Russia of nuclear fuel and services for the bloc’s Russian-designed reactors again in 2023 compared to 2021, the year before Moscow invaded Ukraine, Euratom Supply Agency (ESA) said.

While such imports are not subject to EU sanctions, the bloc aims to reduce its dependence on Moscow. Its overall imports from Russia’s nuclear energy industry held steady last year despite rising demand for nuclear power driven by high energy costs and a push to cut carbon emissions.

Related Post

Hankook presents new vantra transit

Hankook Presents New Vantra Transit

June 14, 2025
Tyresafe reveals 2025 award winners and celebrates united commitment to tyre safety

TyreSafe Reveals 2025 Award Winners and Celebrates United Commitment to Tyre Safety

June 14, 2025

Hiroshi Hamada – New Falken Tyre Europe MD, Chairman & CEO

June 13, 2025

Jeff Hughes – New Regional Director Specialty Tires EMEA at Linglong Tire

June 13, 2025

However, five EU states that operate so-called VVER reactors were likely to exceed 2021 import levels this year again after a rise in 2022, ESA’s acting head told Reuters in an interview.

The trend highlights challenges EU faces in reaching its long-term goal of achieving VVER fuel self-sufficiency.

“Imports by countries operating Russia-designed VVER reactors grew in 2022 compared to 2021, and they will have likely grown in 2023 compared to the year before the Russian invasion,” Stefano Ciccarello said in remarks cleared for release on Friday.

Last year, those five countries – Bulgaria, the Czech Republic, Finland, Hungary and Slovakia – bought 30% more conversion services from Russia and 22% more enrichment, ESA said in its annual report in October.

“Those utilities are building additional inventories of fresh fuel. Further advance purchases will most likely contribute in the short-term to more material coming to VVER utilities from Russia in comparison to 2021,” he said.

Ciccarello did not offer specific numbers and said it was too early to say whether 2023 imports would be also higher than last year.

Of the five EU countries hitherto fully reliant on Russian supplies only Hungary has yet to sign contracts for alternative fuel, according to ESA. The Hungarian government did not reply to a request for comment on Friday.

Earlier this year, in Ukraine, U.S. company Westinghouse loaded alternative fuel to a VVER reactor for the first time but a broader switch would take years, with Ciccarello saying it takes up to a decade on average for new nuclear fuel to be licensed.

Overall, EU imports of natural uranium and related services from Russia were largely flat year-on-year in 2022, as utilities’ divergent strategies evened out, said ESA.

“Those that are not reliant on Russia are trying to further reduce any such dependence,” said Ciccarello.

“On the other hand, there are those fully dependent on Russian fuel who are increasing fuel stocks as contingency for any break in supplies before alternative fuel is licensed.”

Nuclear power accounts for nearly 10% of energy consumed in the European Union, with France meeting nearly a third of its energy needs that way. Other major producers in the bloc include Sweden and Belgium.

Imports of natural uranium from Russia fell 16% last year from 2021, a drop compensated by strong increase in deliveries from Kazakhstan and Uzbekistan, ESA said.

In 2022, the EU’s Russian nuclear energy imports were worth around 750 million euros ($823 mln), or 1% of the bloc’s Russian gas imports, according the European Commission.

EU countries are now debating a Commission proposal for the 12th package of economic sanctions against Russia in response to its invasion of Ukraine in February 2022. Sources said, however, that the proposal – which is not public – does not include sanctions on Russia’s nuclear energy industry.

Imposing EU sanctions requires unanimity of all the 27 members of the bloc, something Hungary – where Russia’s state monopoly Rosatom is contracted to extend the Paks nuclear plant – refuses to grant in the case of Russia’s nuclear energy.

Source: Investing.com

Renton Campoy

Renton Campoy

Related Posts

Hankook presents new vantra transit
Tire Market, Tire Company News

Hankook Presents New Vantra Transit

by Renton Campoy
June 14, 2025
Tyresafe reveals 2025 award winners and celebrates united commitment to tyre safety
Tire Market, Tire Company News

TyreSafe Reveals 2025 Award Winners and Celebrates United Commitment to Tyre Safety

by Renton Campoy
June 14, 2025
Hiroshi hamada – new falken tyre europe md, chairman & ceo
Tire Market, Tire Company News

Hiroshi Hamada – New Falken Tyre Europe MD, Chairman & CEO

by Renton Campoy
June 13, 2025
Next Post
Tech giants lead surge in global mega-caps as inflation eases

Tech giants lead surge in global mega-caps as inflation eases

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dow Futures Up After 8 Weeks of Decline

Dow futures higher; Arm Holdings, Michigan consumer sentiment in focus

August 13, 2024

Top-10 Rubber Producing Countries in the World 2024

May 8, 2024
In July 2024, Vietnam

Asian physical rubber prices – Oct 31

October 31, 2024
Rubber Market Is Expected To Trade At Equilibrium Next Week

Japan futures hit one-week high on better China data, weaker yen

November 6, 2024

Rubber News

Rubber Market Is Expected To Trade At Equilibrium Next Week

Japan futures hit one-week high on better China data, weaker yen

November 6, 2024
Rubber price hike rejoices cultivators; irks manufactures

Japan futures dip as stronger yen, US election uncertainty weigh

November 5, 2024
In July 2024, Vietnam

Asian physical rubber prices – Oct 31

October 31, 2024
Japanese Rubber Futures Climb

Japan futures rebound on hopes of further China stimulus

October 31, 2024
Local Rubber Market Ends Mixed Amid Weaker Regional Sentiment

Japan futures hit one-month low on soft China data, trade tensions

October 30, 2024
Malaysia’s Natural Rubber Production Slides 5.2% In August

Asian physical rubber prices – Oct 30, 2024

October 30, 2024

Tire News

Hankook presents new vantra transit

Hankook Presents New Vantra Transit

June 14, 2025
Tyresafe reveals 2025 award winners and celebrates united commitment to tyre safety

TyreSafe Reveals 2025 Award Winners and Celebrates United Commitment to Tyre Safety

June 14, 2025
Hiroshi hamada – new falken tyre europe md, chairman & ceo

Hiroshi Hamada – New Falken Tyre Europe MD, Chairman & CEO

June 13, 2025
Jeff hughes – new regional director specialty tires emea at linglong tire

Jeff Hughes – New Regional Director Specialty Tires EMEA at Linglong Tire

June 13, 2025
Apollo tyres recommits to 1000 miglia

Apollo Tyres Recommits to 1000 Miglia

June 12, 2025
Sailun terramax rt powers gwm to victory

Sailun Terramax RT Powers GWM To Victory

June 12, 2025

Other News

  • All
  • Commodity Market News
  • Economic, Financial news
Iron ore futures drop

Iron ore futures gain on expectations

March 19, 2025
South korea’s mfg buys about 137,000 tons of corn

South Korea’s MFG buys about 137,000 tons of corn

March 19, 2025
Soybeans Corn Edge Higher After Losses Us Rains To Limit Gains

Safras trims forecast for Brazil’s soy output

March 19, 2025
Gold hits new all time highs

Gold prices slightly down

March 19, 2025
Peshawar: prices of essential items remain steady

Peshawar: Prices of essential items remain steady

March 19, 2025
Oil prices tick up on us attack on houthis, china economic hopes

Oil prices tick up on US attack on Houthis, China economic hopes

March 19, 2025
Load More
Global Rubber Market News

Global Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports

Rubber Prices

  • Global rubber prices reports
  • Futures
  • ASIA
  • China
  • India
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam

Rubber News

  • Global rubber market news
  • Global Rubber Analytics, Outlook
  • Global Synthetic Rubber News
  • Tire Market, Tire Company News
  • Rubber plantation

Other News

  • Commodity Market News
  • Economic, Financial news
  • Other News

© 2024 RMN - Global Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports

No Result
View All Result
  • Home
  • Landing Page
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2024 RMN - Global Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports