Russia's Financial Crisis Casts a Shadow Over Central Asia's Nuclear Future

AI Summary

Rosatom, the Russian nuclear company, is cutting its investment program by nearly 50% this year due to economic difficulties, affecting nuclear energy projects in Kazakhstan and Uzbekistan. This financial strain casts uncertainty over Central Asia's nuclear energy plans.

Kazakhstan and Uzbekistan may soon have to rethink their plans to develop nuclear energy. Rosatom, the Russian nuclear entity that has agreements to build nuclear plants in both Central Asian nations, is experiencing major financial difficulties. Alexei Likhachev, Rosatom’s boss, has announced the entity is cutting its investment program by nearly 50 percent this year due to “poor economic conditions.” Likhachev also said Rosatom would strive to slash operating costs by 10 percent within the next 18 months. "We immediately…