ROSATOM to invest more than 700 billion rubles in Arctic projects until 2030

ROSATOM to invest more than 700 billion rubles in Arctic projects until 2030

June 27, 2022

The money will be directed to the icebreaker fleet’s renewal, mining projects, and the Northern Sea Route’s improvement.

#ARCTIC. #SIBERIA. THIS IS TAIMYR. The State Atomic Energy Corporation Rosatom’s (ROSATOM) investments in the Arctic’s development will exceed 700 billion rubles by 2030 and about six thousand jobs will be created. This was stated by the state corporation’s special representative for the Arctic’s development Vladimir Panov at the St. Petersburg International Economic Forum.

A third of the invested funds will be spent on the icebreaker fleet’s renewal, another quarter – on mining projects: Litiy, Sovinoye, Pavlovskoye. In addition, Panov said that the state corporation was equipping the Northern Sea Route, building port infrastructure and developing transit.

Russia’s first low-power ground-based nuclear power plant will be put into operation in 2028. It will provide at least 55 megawatts of clean energy for the Yakutsk Kyuchus deposit’s development and nearby villages. Each ruble invested in this station gives the Russian economy an average of 2.6 rubles at the construction stage and 2.4 rubles at the operational stage.

Vladimir Panov said:  

The budgetary effect of tax revenues to the regional and federal budgets (VAT, income tax, property tax, personal income tax) is estimated to be more than 460 billion rubles over the entire period of the project in Yakutia.

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Text: Ekaterina Maksimova, Photo: Denis Kozhevnikov

June 27, 2022

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