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For the EU, sanctioning Russia’s nuclear sector may be too costly

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For the EU, sanctioning Russia’s nuclear sector may be too costly

When Ukrainian President Volodymr Zelenskyy of Ukraine landed in Brussels for a highly-anticipated face-to-face tackle to the European Union establishments, he got here with three primary requests: fast-tracked EU accession, Western fighter jets and a contemporary spherical of hard-hitting sanctions on Russia.

On the primary two calls for, the response from EU leaders was reasonably timid, if not outright evasive.

On the third level, the sanctions, the result was in some way extra promising.

European Fee President Ursula von der Leyen vowed to slap the Kremlin with a tenth raft of penalties to mark the one-year anniversary of the warfare. The proposal, she mentioned, would goal €10 billion value of exports, blacklist propagandists and “additional starve Russia’s army machine.”

And but, this isn’t precisely what Zelenskyy wished to listen to.

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“I thanks for the sanctions packages which have already come into pressure. However have they sufficiently restricted Russia’s aggressive potential? This can be a path that must be accomplished,” the Ukrainian advised the 27 heads of state and authorities.

“Give it some thought: Russia has created the specter of a radiation disaster in Europe! And the Russian nuclear trade remains to be free from international sanctions. Is that this regular? I don’t suppose so.”

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For the previous weeks, Ukrainian officers have ratcheted up their efforts to persuade Western allies to take decisive motion towards Russia’s nuclear sector and, specifically, towards Rosatom, the highly effective state monopoly that controls civilian nuclear vitality and the nation’s arsenal of nuclear weapons.

Based in 2007, Rosatom is without doubt one of the world’s main suppliers of enriched uranium and nuclear reactors, with 34 building tasks in international locations resembling India, China and Turkey. Its regular financial rise has been straight linked to Vladimir Putin’s more and more assertive geopolitical behaviour.

The corporate is the present operator of the occupied Zaporizhzhia nuclear plant, in japanese Ukraine, which has been the scene of fierce combating and worldwide intervention to stop a deadly catastrophe.

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Russia’s seizure of the plant has fuelled requires Rosatom managers to be added to the EU’s lengthy blacklist, however up to now no high-profile particular person related to the company has been included.

The absence is because of a scarcity of political consensus and inadequate ties between Rosatom and the systematic makes an attempt to undermine Ukraine’s territorial integrity and independence, mentioned a European Fee spokesperson.

“There is just one issue in terms of agreeing on EU sanctions: unanimity,” the spokesperson advised Euronews, referring to the requirement essential to approve penalties that very often results in prolongued discussions and watered-down outcomes.

“We suggest issues which have an opportunity to be adopted. If a proposal is a no-go from the start, then you do not transfer ahead. It isn’t politically smart.”

‘Tightening the screws’

Though Zelenskyy’s much-publicised go to put it again on the desk, the concept of sanctioning Russia’s nuclear sector is much from novel.

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Again in September, when Brussels was getting ready the seventh spherical of sanctions, a bunch of 5 international locations – Poland, Estonia, Latvia, Lithuania and Eire – brazenly flouted the chance in a joint letter, suggesting a “ban on cooperating with Russia on nuclear vitality.”

The proposal didn’t go wherever then and is unlikely to select up steam now. In truth, the transport of nuclear gasoline stays explicitly exempted from the EU’s wide-ranging resolution to shut all its ports to Russia’s whole service provider flee.

“If this is not going to be within the tenth (package deal), this needs to be within the upcoming ones. We will certainly push this now and later,” a diplomat from the five-strong faction advised Euronews, talking on situation of anonymity as a result of sensitivity of the problem.

The concept “has extra traction than six months in the past. However it’s nowhere sufficient.”

Maria Shagina, a senior fellow on the Worldwide Institute for Strategic Research (IISS) whose work focuses on financial sanctions, believes focusing on Russia’s nuclear trade can be considered one of “the strongest measures” the bloc may take at this second, as financial choices and political creativeness start to expire after 9 complicated rafts of penalties.

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“Sanctioning Rosatom is not going to have an enormous financial affect on the Russian economic system: the income quantities to about $1 billion a 12 months (throughout the EU),” Shagina advised Euronews. “Nonetheless, it’s about tightening the screws on Putin’s regime.”

Shagina challenged the belief that Rosatom, a state-owned firm, is completely indifferent from the warfare in Ukraine. Within the face of worldwide isolation, the Kremlin has doubled down on its energy-exporting enterprise to buttress its flagging economic system and bankroll the costly invasion.

“Rosatom positions itself as a civil nuclear firm, however the distinction between army and civilian functions are blurred,” Shagina mentioned. “Rosatom can be poised to spur the nation’s chip improvement and manufacturing, which can solely add to the strain to focus on it.”

Whereas the bloc’s reliance on Russian oil and fuel has been extensively documented, its relation with Russia’s nuclear sector has flown beneath the radar, resurfacing solely sporadically.

One of many causes is self-evident: the worth of imports of Russian oil and fuel dwarfs that of uranium.

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In 2021, earlier than the warfare began, the EU paid the sum of €71 billion for Russian crude oil and refined petroleum merchandise – and simply over €333 million for Russian Uranium-235, an enriched selection that’s used as gasoline to energy nuclear crops, based on numbers supplied by Eurostat.

That very same 12 months, Russia was the bloc’s third largest uranium provider, with a 19.7% market share, behind Niger (24.3%) and Kazakhstan (23%), a former Soviet republic that maintains shut ties with the Kremlin.

“There isn’t a useful resource dependence on Russian pure uranium,” Mycle Schneider, the coordinator of the World Nuclear Trade Standing Report, advised Euronews.

As an alternative, Schenider famous, the reliance lies someplace else.

‘Out of the query’

As of immediately, 5 EU member states function 19 Russian-made nuclear reactors: six within the Czech Republic, 5 in Slovakia, 4 in Hungary, two in Finland and two in Bulgaria.

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Out of those, 15 belong to the VVER-440 mannequin whereas the opposite 4 are VVER-1000 designs. Ukraine additionally operates a number of reactors, together with in Zaporizhzhia, of each sorts.

Because the VVER collection is designed and developed by OKB Gidropress, a Rosatom-controlled subsidiary, the state firm is the one “producer on the planet” that may service the gasoline assemblies in these crops, Schneider defined.

Gas assemblies, often known as gasoline bundles, seek advice from the structured group of lengthy rods that comprise uranium pellets and are positioned contained in the core of every nuclear reactor. Sustaining these assemblies is an indispensable requirement to maintain nuclear crops secure and practical.

Though two Western firms, Westinghouse (United States) and Framatome (France), have tried to switch Russia because the provider for VVER gasoline assemblies, their work has targeted primarily on the VVER-1000 sort and has not progressed quick sufficient to mitigate the entrenched reliance.

“VVER gasoline stays a excessive dependency space seemingly for years to return,” Schneider mentioned. “The longer term stays notably unsure for the operators of VVER-440s.”

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An analogous concern was raised in final 12 months’s annual report by the Euratom Provide Company (ESA), which urged international locations to diversify suppliers to avert “provide vulnerabilities.”

“Little progress was made in diversifying the provision of VVER-440 gasoline,” the report concluded.

Westinghouse and Framatome didn’t instantly reply to a Euronews request for remark.

Weighing closely on the talk is the truth that within the 5 international locations the place Russian-made reactors are nonetheless energetic, nuclear energy represents a substantial share of electrical energy era, starting from 32.8% in Finland to 52.3% in Slovakia, based on the World Nuclear Trade Standing Report.

Even when Finland made a notable try to castigate Russia for its invasion by cancelling a contract with Rosatom that was supposed to construct a nuclear plant on the Hanhikivi peninsula, the general development that hyperlinks this group of EU international locations with Moscow seems destined to reside on.

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Slovakia’s Mochovce-3 reactor, a part of the VVER collection, got here on-line earlier this month, additional deepening the nation’s hyperlinks with nuclear vitality. Final 12 months, Hungary issued building permits to increase its Paks nuclear energy plant with two reactors of the newest VVER-1200 sort, a transfer that might deliver the entire of Russian-made reactors contained in the nation to 6.

Unsurprisingly, Budapest has warned it might not hesitate to make use of its veto energy to derail any EU bid to focus on Russia’s nuclear sector.

“We is not going to permit the plan to incorporate nuclear vitality into the sanctions to be applied,” Hungarian Prime Minister Viktor Orbán mentioned as just lately as January. “That is out of the query.”

The adamant opposition has not gone unnoticed in Brussels.

“One of many rules that has been adopted since February 2022 when it comes to sanctions is that it penalises Russia greater than us,” mentioned a senior diplomat from a Western nation.

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“And the (European) Fee, till now, has all the time thought of that on nuclear points, it might be the other.”

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Exploring Greenland's majestic history as President-elect Trump shines spotlight on island nation

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Exploring Greenland's majestic history as President-elect Trump shines spotlight on island nation

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Before President-elect Trump took a shine to it, Greenland was already on the radar of the cruise ship industry with many vessels choosing picturesque Greenlandic towns for their ports of call. 

Cruise ship passengers take photos of fjords in Greenland (Danuta Hamlin)

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One of the ports is Qaqortoq, the largest town in southern Greenland.

Qaqortoq

Qaqortoq means “white” in the Greenlandic language. (Danuta Hamlin)

Sailing from Iceland, the ship followed in the footsteps of Eric the Red, a Norseman who settled this area in 982. As Eric was exiled from Iceland, he made his home here and called it Greenland. 

Some 80% of the island is covered by icecap and the remaining parts do not appear very green either. 

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greenland's shores

Majestic shores of Greenland (Danuta Hamlin)

According to some historians, Eric the Red came up with the name simply for promotional purposes. 

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He set out to attract more settlers from Iceland and advertised the island as a green land. Some experts say that Greenland could have been warmer at the time, but starting in the 15th century it experienced what is known as “The Little Ice Age.” 

children in greenland

Children in Nanortalik, Greenland. (Danuta Hamlin)

Life in Greenland became too harsh for Europeans. But the native population of the Island found ways to persevere. 

river in greenland

Julianehåb River runs through the center of Qaqortoq, Greenland.  (Danuta Hamlin)

Nestled in the midst of a scenic fjord system, with a creek cascading across the town, and snow capping the mountain peaks even in the spring, Qaqortoq is a fascinating place to explore. 

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Qaqortoq

Qaqortoq is the fourth-largest town in Greenland.   (Danuta Hamlin)

Building highways in Greenland is expensive, therefore Qaqortoq is not connected by road to any other town or village. However, when the weather is warmer, the region provides ample opportunities for nature hikes, kayaking and fishing. 

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Qaqortoq 2

Qaqortoq Greenland  (Danuta Hamlin)

The town was founded in 1775, as a trade colony, by Norwegian explorer Anders Olsen. With a population of just a little over 3,000, it offers a glimpse of Greenlandic life, Viking history and Nordic-inspired architecture.

The hills are peppered with colorful houses, creating a delightful contrast with the severe peaks of the surrounding fjords. 

street sign

A street sign in Greenland. Greenlandic is an Eskimo–Aleut language with about 57,000 speakers.  (Danuta Hamlin)

Greenland is an autonomous territory of the Kingdom of Denmark, but the official language is Greenlandic. It’s a polysynthetic language which means that, technically, there is no limit to the length of a Greenlandic word. 

Deciphering local signs can be fun and challenging at the same time. 

open-air art project

Stone & Man, an open-air art project in Qaqortoq, Greenland, featuring rock carvings and sculptures (Danuta Hamlin)

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Although trees are not easy to find, the area is full of all kinds of rocks and boulders. Some of them were turned into carvings of faces and whales, in a tribute called “Stone & Man.” This open-air gallery is the work of local Qaqortoq artist Aka Høegh.

fountain

Mindebrønden fountain is the older of the only two public fountains in Greenland.  (Danuta Hamlin)

Qaqortoq boasts the oldest fountain in the country – Mindebrønden – Memorial Fountain. The fountain was completed in 1932 and is turned off during the winter months.

fish market

A fish market in Qaqortoq. Seal meat is a key ingredient in Greenland’s national dish, Suaasat.  (Danuta Hamlin)

The town’s fish market sells whatever has been caught on a given day by local fishermen. It could be fish, or it could be whale meat, or perhaps a seal.

Qaqortoq is, after all, a fisherman’s town and seafood plays a vital part in Greenland’s diet.

Nanortalik

Nanortalik is a village on Nanortalik Island, with some 1,072 inhabitants.  (Danuta Hamlin)

The official religion of Greenland is Evangelical Lutheranism. In another port of call, a village called Nanortalik, members of the local congregation welcomed tourists with a musical performance.

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people singing

Nanortalik choir singing outdoors in Greenland in 2018.  (Danuta Hamlin)

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Nanortalik means the “Place of Polar Bears”. No bears, however, were spotted loitering around the village.

open-air museum

Nanortalik’s old colonial port area is an open-air museum. (Danuta Hamlin)

Greenland is the world’s largest island – a treat for any tourist adventuresome enough to venture there. 

Cruise ship passengers take photos of fjords in Greenland (Danuta Hamlin) 

Cruise ship passengers take photos of fjords in Greenland (Danuta Hamlin) 

The author recently took a cruise to Greenland. 

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Brussels, my love? NATO's warning: we're not at war, and not at peace

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Brussels, my love? NATO's warning: we're not at war, and not at peace

In this edition, we hear how Austria is on the cusp of crowning a far-right leader, and examine NATO chief Mark Rutte’s plans to mend relations with the EU.

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Our guests this week include Austrian socialist MEP Andreas Schieder, Marta Mucznik, EU senior analyst with the International Crisis Group and Riho Terras, Estonian MEP with the European People’s Party. 

The panel reflect on the first visit this week by NATO’s new Secretary General to the European Parliament.

Mark Rutte, who was Dutch Prime Minister for years, is courting EU institutions and political parties as he seeks to improve relations and boost defence investment. Riho Terras, a former army general, applauds his ambition.

“If Putin wins in Ukraine, then we will have 40 million angry Ukrainians against us and pretty soon we will face the same threat”, said Terras, adding that Kyiv is as close to Berlin as it is to Tallinn.

The panel also took a deep dive into Austrian politics, which, five months after elections, are in a mess. After Karl Nehammer resigned earlier this month, far-right firebrand Herbert Kickl, known for his anti-EU, anti-NATO, xenophobic views, looks set to become chancellor, with his party dominating a coalition with the centre-right Austrian People’s Party (ÖVP).

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Andreas Schieder, who was involved in the initial coalition negotiations, blamed ÖVP for cosying up to the far right, and that the truth about the dire state of Austrian finances only came out after the elections.

“Conservatives always say the others are guilty, that we have now to accept the extreme right”, Schieder said.

Finally, the panel discussed media trends for 2025 and the dwindling trust in mainstream news sources.

Marta Mucznik said she could never replace her TV or newspaper.

“Social media will never replace traditional, conventional media … It provides no context, it proliferates fake news,” she said. “It’s propaganda, it’s not information.”

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Watch ‘Brussels, my love?’ in the player above.

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Cartier owner Richemont posts 10% increase in Q3 sales

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Cartier owner Richemont posts 10% increase in Q3 sales
Cartier jewellery owner Richemont on Thursday reported a 10% increase in constant currency sales during the three months to the end of December, a strong early indicator for the performance of European luxury companies over the all-important holiday season.
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