Hungary gains final EU approval for its Russian-built nuclear power plant

9 Mar 07 Mar, 2017

The European Commission on 6th March, 2017 gave a green light to a new Russian-backed nuclear power project on the River Danube, Hungary. The project was challenged by Brussels, which accused it of non-compliance with EU rules.  The €12.5 billion contract, partly aided by Moscow’s €10 billion loan, would add two new 1,200 MW reactors to Hungary’s only operating nuclear power plant.

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