The European Commission (EC) intends to completely stop purchasing nuclear fuel from Russia by 2030.
This was reported by the Financial Times newspaper, citing sources in European structures. According to the publication, reorganizing the supply chains of fuel for nuclear power plants will require investments of €241 billion. Currently, EU countries have already begun to reorient themselves to purchasing uranium from Kazakhstan, Canada and Niger. However, political instability in Niger, the seventh-largest uranium producer in the world, leads to higher prices for the final product, making it less attractive to European consumers.
Reprocessing of spent nuclear fuel also remains one of the key problems. According to FT sources, the European Union needs to create its own disposal system capable of competing with the Russian state corporation Rosatom. However, investments in this area, as the publication emphasizes, appear to be lagging.
All these measures are being taken against the backdrop of the EU’s growing interest in nuclear energy. There are currently 101 nuclear reactors operating in the community, 19 of which are Soviet-era WWER reactors.
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