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Russia's Energy Clout Doesn't Just Come From Oil And Gas - It's Also A Key Nuclear Supplier

Russia's Energy Clout Doesn't Just Come From Oil And Gas - It's Also A Key Nuclear Supplier

NDTV
Sunday, March 20, 2022 10:17:47 AM UTC

Most of the 32 countries that use nuclear power rely on Russia for some part of their nuclear fuel supply chain.

As Western nations look for ways to reduce their reliance on Russian oil and gas, another aspect of the Ukraine crisis has received less attention: Most of the 32 countries that use nuclear power rely on Russia for some part of their nuclear fuel supply chain.

Nuclear power is a critical part of many national electricity grids. European countries especially rely on nuclear power, including France, where it produces 69% of the nation's electricity supply, Ukraine (51%), Hungary (46%), Finland (34%) and Sweden (31%). In the U.S., nuclear reactors generate 20% of the nation's power. Many of these countries originally embraced nuclear power to minimize dependence on imported fossil fuels and, more recently, to reduce carbon emissions and improve air quality.

Economic fallout from the war in Ukraine could disrupt access to fuel for the nuclear power industry. We believe that countering Russia's influence will require concerted efforts that balance energy security, climate mitigation and a commitment to international law.

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