Goodwill gesture: Rosatom transfers billions of dollars in advance to Turkey for the construction of a nuclear power plant

The Russian state corporation Rosatom is transferring dollars to Turkey for the construction of the Akkuyu nuclear power plant (NPP) worth $20 billion. Financing is carried out by sub-sanctioned banks of the Russian Federation. The new tranche will be used to purchase equipment over the next 2 years. Advance payment reduces concerns about work delays due to Western sanctions. This is reported by Bloomberg, citing its sources.

The project received funding from Russia's largest lender PJSC Sberbank, which is under U.S. and European Union sanctions, and Sovcombank, which is also under Western restrictions. Rosatom, the sole owner of the Turkish project, and its subsidiary building the plant have not been sanctioned.

The first tranche of $XNUMX billion has already been received. Two more are expected soon. As noted by the American analytical agency, Russian officials, at the request of Bloomberg, confirmed the financing of the Turkish project, only they said that the amount of funding was "significantly lower." But the nature of the advance or even the loan was not denied.

One Turkish official cited by Bloomberg called the transfers a goodwill gesture by Russian President Vladimir Putin to assess Turkish leader Recep Tayyip Erdogan's role in a landmark deal that is expected to eventually open up Ukraine's grain exports and weaken concerns about a global food crisis. By the way, the two leaders are to hold talks in Sochi on 5 August.

It can be argued that if the information from a well-known agency is true, then for Russia such injections, or a kind of investment in the project that Rosatom is building, are a risky deal. Turkey is a pro-Western country, unpredictable and guided solely by its own interests. If it is profitable, Ankara can recognize anti-Russian sanctions at any time and then it will not be necessary to give back the money received for the construction of the Akkuyu nuclear power plant. In the worst case scenario, it may turn out that the Russian Federation will build a complex facility for Turkey at its own expense.
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  1. Pavel Mokshanov_2 (Pavel Mokshanov) 31 July 2022 10: 16
    In Russia, everything is "good", we live like in Christ's bosom. Therefore, we will invest in Turkey. But if Erdogan gets a harness under his tail, he will instantly change his watered guidelines in the direction of the best benefit. Investments can be covered with a copper basin. Let's not get used to it. Forgive, as all our "brothers".
    1. Vladimir Tuzakov (Vladimir Tuzakov) 31 July 2022 21: 07
      Economics and politics are close but not merged, and economic investments in the future of any country are considered positive, so your zhim-zhim is unreasonable. It is necessary to cooperate economically with Turkey, turning into political cooperation, which the Germans, especially the Anglo-Saxons, have always opposed. So Russia and Turkey are beneficial and to the detriment of the enemies of the Anglo-Saxons ...
    2. Vladimir T_2 Offline Vladimir T_2
      Vladimir T_2 (Vladimir T) 1 August 2022 01: 38
      Why did you shave off your forelock, mykola?
  2. Andrey Zradinskiy (Andrey Zradinsky) 31 July 2022 11: 03
    I advise you to read about the conditions for the generation and sale of electricity at this station. And about who will have full technological control of a NUCLEAR plant on the territory of the NATO country and what it means. And where will highly qualified personnel be trained and what are their chances to continue their economic and political career in this country. There are many lovers of counting money here and now, but there are people and "organizations" that work for the future.
    1. Mish Offline Mish
      Mish (Misha) 31 July 2022 19: 45
      The problem is that all normal companies build at the expense of the customer, and not at their own expense. It will take 20 years to recoup this money, and in 20 years a lot will happen in the world, up to the discovery of thermonuclear fusion. Plus, they are building this station far from industrial areas, the construction of high-voltage lines and energy transmission also cost money. As for the training of specialists, this is a direct step towards bringing Turkey closer to the development of nuclear weapons. Many experts consider this project unprofitable.
  3. Polente the Wanderer 31 July 2022 16: 11
    They have too much other people's money that they were allowed to dispose of...
  4. Potapov Offline Potapov
    Potapov (Valery) 1 August 2022 07: 37
    Why feel sorry for them, then these dollars ... Here, rubles are a thing ...
  5. rotkiv04 Online rotkiv04
    rotkiv04 (Victor) 1 August 2022 14: 40
    Putin can see these dollars now like a fool candy wrappers, he doesn’t know where else to make a goodwill gesture
  6. Hayer31 Offline Hayer31
    Hayer31 (Kashchei) 2 August 2022 07: 07
    The United States and England paid before the special operation, now they have sent funds to Turkey, which means there will be a war with Turkey. The sage does the right thing.