Russia’s very profitable nuclear industry – NO SANCTIONS on that!


The G-7 is even considering forming its own cartel to limit purchases of Russian energy forever. At this point, every political option has been exhausted. Every corner of the economy has been sanctioned except one.

As it turns out, this particular sector of the economy has been deemed too important to warrant any harm.

Biden and the leaders of the EU have all quietly omitted it from their laundry list of punishments. Rosatom,
Russia’s state nuclear energy company, has so far been completely ignored by these angry lawmakers. The company is still working though a $130 billion backlog of projects around the world.

Energy & Capital 1st Aug 2022

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