Kazakhstan and Uzbekistan face delays in nuclear projects as Russia’s Rosatom slashes spending amid financial strain.
Rosatom, Russia’s state nuclear corporation, will reduce its investment program by 50 percent this year due to worsening economic conditions. The company also plans to cut operating costs by 10 percent over the next 18 months, its CEO announced.
Rosatom holds agreements to build nuclear plants in Kazakhstan and Uzbekistan, raising concerns over project timelines. The entity previously targeted expansion in Central Asia as part of its long-term growth strategy.
No immediate market reaction was reported, but the cuts may delay regional energy infrastructure development.