https://sputnikglobe.com/20250629/hungarys-paks-ii-nuclear-power-project-fires-up-as-us-lifts-sanctions-1122362077.html
Hungary’s Paks II Nuclear Power Project Fires Up as US Lifts Sanctions
Hungary’s Paks II Nuclear Power Project Fires Up as US Lifts Sanctions
Sputnik International
Now that the US government has revoked sanctions related to investments in the Paks II nuclear power plant, the construction at the expansion site could gain "new impetus," Hungarian Foreign Minister Peter Szijjarto said.
2025-06-29T13:54+0000
2025-06-29T13:54+0000
2025-06-29T13:54+0000
hungary
peter szijjarto
us sanctions
rosatom
hungarian paks nuclear power plant (npp)
paks-2 nuclear plant
usaid
gazprombank
joe biden
russia
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Sanctions slapped on Russia by the Biden team in late 2024 had made the Paks II facility’s expansion all but impossible. Paks II & Russia's Role The Paks II expansion is a $13.7 billion project to add two VVER-1200 reactors to Hungary’s existing plant constructed by Russia's Rosatom. Hungary had secured an EU exemption from Russia sanctions for Paks II. However, then-US president Joe Biden's sanctions targeted Gazprombank (handling Paks II financing) and Rosatom executives, delaying payments to subcontractors and stalling progress. Sanctions-Induced Fallout USAID Smear Campaign When the US froze USAID funds, many Hungarian groups critical of the Paks II project lost their cash flow, according to nuclear expert Zsolt Harfas. Radio Free Europe*, then funded by US grants, pushed false anti-Paks stories, casting doubt on its necessity and Russia’s Rosatom tech – while cozying up to the struggling US nuclear industry. *Designated as a foreign agent in Russia.
https://sputnikglobe.com/20241115/first-concrete-to-be-poured-for-hungarys-paks-ii-nuclear-power-plant-in-q1-2025---rosatom-1120895943.html
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us revokes sanctions related to paksii nuclear power plant, paks ii nuclear power plant, hungary's paks ii npp, russia's rosatom
us revokes sanctions related to paksii nuclear power plant, paks ii nuclear power plant, hungary's paks ii npp, russia's rosatom
Hungary’s Paks II Nuclear Power Project Fires Up as US Lifts Sanctions
Now that the US government has revoked sanctions related to the Paks II Nuclear Power Plant project, construction at the site could gain "new impetus," Hungarian Foreign Minister Peter Szijjarto said on Sunday.
Sanctions slapped on Russia by the Biden team in late 2024 had made the
Paks II facility’s expansion all but impossible.
The Paks II expansion is a $13.7 billion project to add two VVER-1200 reactors to Hungary’s existing plant constructed by
Russia's Rosatom.
Hungary had secured an EU exemption from Russia sanctions for Paks II.
However, then-US president Joe Biden's sanctions targeted Gazprombank (handling Paks II financing) and Rosatom executives, delaying payments to subcontractors and stalling progress.
Sanctions-Induced Fallout
Critical supply disruptions to a project meant to deliver an additional 2.4 GW of capacity – vital to Hungary’s push to raise nuclear power's share in its energy mix from 33% to 70%.
Top EU firms like Germany’s Siemens Energy and France’s Framatome had their planned contributions to the plant’s control systems sidelined.
When the US froze
USAID funds, many Hungarian groups critical of the Paks II project lost their cash flow, according to nuclear expert Zsolt Harfas.
Radio Free Europe*, then funded by US grants, pushed false anti-Paks stories, casting doubt on its necessity and Russia’s Rosatom tech – while cozying up to the struggling US nuclear industry.
15 November 2024, 13:15 GMT
*Designated as a foreign agent in Russia.
