Economy

Embargo on Russian nuclear fuel: How feasible is a “blockade” in the Moscow monopoly

by

DW Peter Lange / ARD

Edited by: Irini Anastassopoulou

Apart from the over-efforts of EU and NATO countries to get rid of Russian energy, there is a related problem that is not widely discussed in the public sphere. Countries such as the Czech Republic, Hungary, Armenia and even Ukraine itself use Russian-made nuclear power plants that run only on Russian nuclear fuel. In Slovenia, however, the issue has been raised openly and the government is now trying to find alternatives, but it is certain that the process will take years.

Russian monopoly on nuclear fuel

Richard Sulik, the country’s Minister of Economy, can not hold back a salute when he speaks of a successful “coup”.

What was that? Last March, three aircraft landed in Bratislava, despite an embargo on flights from Russia. They were carrying a load of nuclear fuel for the country’s five nuclear reactors. The supplier was the Russian company TVEL, a subsidiary of Rosatom, which has built the power stations. The company has a monopoly in Slovakia. And that, for a very long time, says Josef Bandida, an analyst at the “Energia pre vas” portal.

“In terms of energy security, no government pressure has been exerted on the need for a second supplier as an alternative. But nothing happened. “If it did, we would not need to have this problem anymore.” Russia’s economic gains on gas supplies are relatively small. The Slovak Electricity Company paid 64 million euros in 2020 to TVEL for nuclear fuel.

The certification process takes time

The point, however, is that the country has no alternative. Joseph Bandida describes the problem. “If an embargo were imposed on Russian nuclear fuel, it would not only affect Slovakia’s electricity supply, but also the total electricity generation throughout the whole of Central Europe,” he said.

Slovakia’s nuclear power plants cover 55% of annual electricity consumption. According to calculations by the newspaper Dennnik N, the Slovak nuclear power plants will be powered by 2024.

“We still have a long way to go,” said Minister Sulik. “We need a plan B. We are working with countries that have the same type of nuclear reactors to be able to buy nuclear fuel from other sources.” The second supplier under discussion is the American power plant construction company Westinghouse.

The Americans had already applied for the 2020 tender, but the contract was signed again with the Russian subsidiary Rosatom, TVEL, because its offer was 20% cheaper. It is now difficult to change providers because nuclear fuel must be certified. Only then can it be used in nuclear reactors. Such a process takes time and is a completely new field for the Slovak regulatory authority.

In particular, the approval process can take up to six years. In cooperation with other countries it could perhaps be reduced to three. Some in Bratislava are pinning their hopes on the fact that the war in Ukraine will end soon, and then nuclear fuel from Russia may not be so controversial.

Follow Skai.gr on Google News
and be the first to know all the news

economyembargonewsnuclearRussiarussian gasSkai.gr

You May Also Like

Recommended for you