Siemens Energy sticks to deal with Russian nuclear company Rosatom

Dusseldorf, Munich The European Union (EU) has sanctioned or shut down the purchase of coal, natural gas and oil from Russia. But the Russian nuclear industry, of all things, has so far been largely exempt from sanctions.

Not only does the Russian state-owned company Rosatom benefit from this, but also European companies such as the French nuclear power operator Framatome and the Munich-based technology specialist Siemens Energy, criticizes the non-governmental organization Greenpeace in a new report that has been made available to the Handelsblatt in advance.

“Major European companies have ongoing contracts worth hundreds of millions of euros to export their cutting-edge technology and expertise to Russian nuclear power plants and Rosatom’s nuclear projects abroad,” Greenpeace said. EU companies “contribute directly to maintaining and expanding Rosatom’s business by providing their technology and expertise – and thus indirectly to the continuation of the attack on Ukraine”.

The organization calls for such transactions to be sanctioned. Existing contracts would also have to be terminated.