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Russia Signs $16 Billion Deal To Build Kazakhstan’s First Nuclear Power Plant.

🇷🇺 Russia ‌signed an agreement on Thursday with 🇰🇿 Kazakhstan to build the first nuclear power plant in Central Asia's largest country at a cost of about $16.5 billion, partially covered by a major export loan from Moscow.

Kazakhstan, the world's biggest producer of uranium and a ​country which suffered from the fallout from Soviet nuclear testing, has been discussing the possibility of ​atomic power for at least two decades.

A 2024 referendum returned a vote in favour ⁠of constructing a nuclear power plant and designated the village of Ulken, on the shores of Lake Balkhash ​in the southeast of the country as the site.

"The agreement signed today on the construction of the Balkhash ​NPP has an important role," Kassym-Jomart Tokayev, Kazakhstan's president, said before thanking Russian President Vladimir Putin, who was in Astana for talks, for his support.

"Putting the plant into operation will make a significant contribution to the energy supply of the Kazakh economy," ​Putin said.
The two sides also signed an agreement on the provision of Russian export credit to finance construction ​of the plant.

Russia's state nuclear corporation Rosatom won the lead role in building the plant, edging out China National ‌Nuclear ⁠Corporation (CNNC), French utility EDF and Korea Hydro & Nuclear Power, according to Kazakhstan's atomic energy agency.

The head of Kazakhstan's atomic energy agency, Almasadam Satkaliyev, told reporters that the cost of the plant - with two VVER-1200 III+ reactors - would be about $16.5 billion, including about $2 billion for security and infrastructure.

Construction will begin in 2027 and the first reactor ​will be commissioned in early ​2034, according to Satkaliyev.

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🔗 Reuters

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Russia & China Sign Over 40 Economic, Military & Energy Agreements (Photos)

🇷🇺 Russia and 🇨🇳 China signed over 40 documents spanning economy, energy, transport, and international cooperation following talks between Russian President Vladimir Putin and his Chinese counterpart Xi Jinping in Beijing on Wednesday.

The Kremlin said in a statement that 22 documents were signed at a special ceremony at the end of the Putin-Xi talks, while 20 more agreements and memorandums were sealed on the sidelines of the presidential summit.

Two agreements were signed by the leaders: Putin and Xi adopted a joint statement on further strengthening the partnership and deepening relations between Russia and China, as well as a joint declaration on the formation of a multipolar world and a new type of international relations.

Moscow and Beijing has built a stable system of bilateral trade protected from external pressure and volatility in global markets, Putin told a news conference after his meeting with Xi.

He explained that conducting trade in rubles and yuan helps shield economic cooperation from “external influence” and ensures sustainability in commercial ties between the two countries.

"The coordinated steps taken by Russia and China to shift settlements between them, between our countries as a whole, to national currencies have been of great significance. As a result, virtually all Russian-Chinese export-import operations are being carried out in rubles and yuan," he said.

Putin said Russia was ready to continue uninterrupted supplies of oil and gas to China and that Russian nuclear corporation Rosatom was completing construction of new power units at nuclear power plants in China as part of broader energy cooperation between the two countries.

The Russian president also described the Russia-China partnership as a stabilizing factor in international affairs.

Putin pointed to what he called positive results from the bilateral visa-free regime, which has boosted tourism and people-to-people exchanges between the two countries.

"In 2025, more than 2 million Russians arrived in the People's Republic of China. Over 1 million Chinese citizens visited Russia," he said.

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🔗 Anadolu Agency

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