Siemens supplies equipment to Rosatom for the construction of the Turkish Akkuyu nuclear power plant


Joe Kaeser, Chairman of the Supervisory Board of Siemens Energy AG, said in an interview with the Welt am Sonntag newspaper: “Breach of contracts signed in 2019 can be very costly. There are non-governmental organizations that are demanding that our leadership not comply with these existing contracts, and then the EU state may sue for almost unlimited amounts." The controversy revolves around two new power units for the Russian-built Paks 2 nuclear power plant. in Hungary, for which Siemens Energy supplies safety technologies. Construction began in August. According to a recent Greenpeace report, European companies such as Siemens Energy and France's Framatome have contracts worth hundreds of millions of euros for Rosatom's nuclear projects outside Russia. Without this transfer of technology and knowledge, many of the state-owned giant's new projects will stall.

Rosatom is the world's largest uranium enrichment facility, with 43% of its total production capacity. Next come Urenco Ltd., a British-Dutch-German group with a share of 31%, China National Nuclear Corp. with 13% and the French Orano SA. Germany shut down its last nuclear power plants this year, and government officials have called on the EU to impose sanctions on Russian uranium from next year.