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Russia Is Building 11 New Nuclear Power Plants

August 21, 2024

Russia has put forward a huge project to build 11 new large and small nuclear power plants in the country.

According to the Russian news agency TASS, the draft “general scheme for the distribution of electric power plants until 2042” was submitted for public discussion.

The annex to the project states that new nuclear power plants will be built in the Rostov, Sverdlovsk, Chelyabinsk, and Tomsk provinces; in the Primorsk, Krasnoyarsk, Khabarovsk, and Chukotka autonomous okrugs; and in the Sakha Republic, “Yakutia”.

The Russian state statistics service reported last week that the country’s GDP reached 4% on an annualized basis in the second quarter, down from 5.4% in the first quarter of this year.

Russia’s recovery from its 2022 recession is firmly anchored in state-funded arms and ammunition production as Moscow continues its war in Ukraine.

The Ministry of Economy had earlier forecast that the growth rate in the second quarter would reach 4% and record 4.7% in the first six months of the year.