Russia Puts Planned Retaliation for U.S. Sanctions on Slow Track

Russia slowed moves on a sweeping proposal for anti-American economic retaliation unveiled by lawmakers last week, even as the U.S. plans another round of sanctions over the Kremlin’s backing of the Syrian government. “We will organize meetings with the business community, with companies,” Vyacheslav Volodin, speaker of the lower house of parliament, told reporters Monday, announcing the …

Czech Republic weighs nuclear options

Prague has always been big on upping the Czech Republic’s nuclear power capacity, but less so on how to finance it. As Brussels looks on with dread, Moscow may be about to ferment more discord on the EU’s eastern edges. Bucking trends in much of Europe, the Czech government has said recently it will announce within …

How U.S.-Russia tensions could revive Canada’s struggling uranium mines

Escalating tensions between the U.S. and Russia could revive the uranium market just months after Cameco Corp shut down its largest uranium mine Just months after Saskatoon-based Cameco Corp. laid off hundreds of workers and shuttered the largest high-grade uranium mine in Canada, the market for the radioactive metal used in nuclear power generation is …

Russia to suspend nuclear, rocket cooperation with America – draft law

Russian lawmakers have drafted a bill suspending cooperation with US companies in the nuclear, missile and aircraft-building spheres, as well as introducing restrictions on imports of alcohol and tobacco produced in the US. “The bill is about alcohol and tobacco products and about ceasing or suspending international cooperation in the nuclear sphere, rocket engine building …

Hong Kong in the running to host Kazatomprom IPO

Country’s sovereign wealth fund owns US$70b in assets. Three firms are Air Astana, uranium producer Kazatomprom, and Kazakhtelecom Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, is planning initial public offerings (IPOs) for three of its major assets this year, and Hong Kong is being viewed as a strong choice as the potential venue. Nurlan Rakhmetov, its managing …

UAE — A role model for nuclear energy

There are around 440 operational nuclear power reactors in 30 countries today. About 60 reactors are under construction in 15 countries. Countries introducing nuclear power for the first time, called “newcomers”, face a number of key challenges in infrastructure development: completing a national strategy for the programme, developing legal framework and an independent nuclear regulatory …

Thursday New Jersey vote expected on nuclear, solar, wind subsidy bills

The state Legislature will vote Thursday on several clean energy bills, including one to provide $300 million a year to nuclear power plants that can prove they are struggling to compete with cheap natural gas. Other bills would subsidize solar and wind power. Subsidies would be paid by ratepayers. The nuclear subsidy bill alone would …