Kazakhstan: Atomic Energy Agency Says Sanctions Won’t Impact Nuclear Project

The Atomic Energy Agency of Kazakhstan has confirmed that sanctions risks will not interfere with its planned cooperation with Russia’s state-owned Rosatom on the country’s first nuclear power plant,  Orda.kz reports.

According to the latest data, Rosatom is not included in international sanctions lists. Even in the event of increased sanctions pressure, individual countries have legal mechanisms to mitigate possible risks.the department stated. 

The agency added that nuclear energy, seen as essential for addressing social and humanitarian needs and tackling climate change, is generally excluded from sanctions regimes.

Rosatom was selected as the leader of the nuclear consortium following a comprehensive assessment of potential risks, including exposure to anti-Russian sanctions. Officials said international legal experts were consulted as part of the due diligence process to ensure compliance with all relevant restrictions.

According to the agency, the decision to move forward with Rosatom was based on technical merit and socio-economic benefits, with a clear focus on bolstering Kazakhstan’s energy security and developing its nuclear sector.

They also emphasized that the contractor selection process was free of political influence.

Rosatom’s bid was ultimately favored by Kazakhstan’s interdepartmental commission over proposals from companies based in China, France, and South Korea.

While Astana is currently in talks with Moscow regarding possible export financing, officials say Kazakhstan remains open to collaborating with other countries as it forms a broader consortium for the project.

Original Author: Artyom Volkov