FINANCIAL TIMES: The EU has blocked Hungary’s €12bn nuclear deal with Russia, in a decision that is likely to inflame tensions between the Kremlin and Brussels…
Russia and Hungary agreed last year to build two 1,200 megawatt nuclear reactors in the town of Paks, 75 miles south of Budapest, in a deal that would have extended Moscow’s commercial reach deep into central Europe. Contracts for designing, building and maintaining the plants were awarded to a subsidiary of Russia’s state-owned nuclear group Rosatom in December…
“If the Russians now refuse to modify the original contracts, this will be the end of the road for the project,” said Javor Benedek, a Hungarian member of the European Parliament’s Green group. “The report is very clear that the fuel supply agreement does not comply with European law.” … (more)
