Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Toshiba Became Instrument in Russian-Japanese Relations
March 25, 2008 16:31

Atomenergoprom, a Russian state-ruled holding, and Japanese Toshiba have signed an agreement on cooperation development in the field of peaceful uses of atomic energy. The alliance may well become the world’s leader in this field.

Toshiba was not the only company to offer cooperation to Atomenergoprom, so the Russian party had to pick one of the potential partners.

The agreement implies that Russian Atomenergoprom, which runs the Russian civil nuclear industry, conjointly with Toshiba will engineer nuclear power plants, produce equipment and nuclear fuel cycle products and services. The companies will reportedly establish strategic partnership in future.

Atomenergoprom is one of the four largest companies operating at the market of nuclear fuel cycle products and services. The leaders in this sphere are alliances Areva – Siemens, GE – Hitachi and Toshiba – Westinghouse.

 The newly signed agreement will make Atomenergoprom and Toshiba the key players at the world nuclear market.

It should be mentioned that the Russian Ministry of Economic Development and Trade has recently published a draft concept of Russia’s development up to 2020. According to the document, the export volume of Russian equipment and services will reach $8-14 billion (measured in prices of 2006) by 2020. The concept considers integration of Russian atomic industry into the world economy to be one of the top-priority tasks.

The Russian corporation plans to make profits by construction and servicing NPPs abroad in order to invest the earned money in development of the Russian atomic industry.

The world market prospects look very attractive: the USA and China will build over 100 nuclear reactors, India is expected to build about 40 reactors, the UK – over 10. Besides, Lithuania, Poland, Turkey, Finland and Bulgaria are likely to construct new nuclear power plants.

The only question here is why the Russian corporation has picked Toshiba as a partner. The economic advantages are evident: while the Russians spend 5 years on construction of a power-generating unit, the Japanese are able to build it for 36 months. However, the Japanese party hasn’t got the established full nuclear fuel cycle and needs Russia to help it.


The Kuril Islands
This is the case when the strong points of the both companies result into excellent cooperation, which is not always granted. Besides, the Japanese party may share its technological capabilities as well as material resources necessary for implementation of the conjoint projects.

The choice of the Russian company was also policy-induced. The Japanese government intends to resume negotiations on the Kuril Islands territory issues. This matter will be discussed at the G8 summit in Japan on 7-9 July, 2008.

Russian analysts suppose the Japanese party will express usual displeasure concerning the deal, as it is vital to sign the bilateral agreement on peaceful uses of atomic energy.

Thus, the cooperation of Atomenergoprom with Toshiba contributes to the Russian-Japanese relations by rounding off rough corners of the thorniest political questions.


Olga Pletneva

Tags: Russia International     

Next Previous

You might also find interesting:

Siemens Concern Considers the Purchase Of Turbines Delivered to the Crimea to be a Simple Solution to the Conflict with Moscow The Russian Industrial Zone In Egypt can Start Its Work In December 2018 3 Suspicious Things to Check before Entering into a Contract with Your Russian Counterparty Roman Shirokov Picks Football Over Bickering How to Determine the Tax Regime for an Individual Entrepreneur Doing Business in Russia

Comment on our site

RSS   twitter      submit

physics  Russian theatre  Vyborg  Shtockman project  Life Saving  Russian legislation  Russian rockets  The Nightingale  Russian Geographical Society  Mercedes-Benz Fashion Week Russia  Aircraft Designers  Russian tourist destinations  Russian business  St. Petersburg  Architecture of St.Petersburg  Russian border security  Russian Cinema  Classical Music  Tsaritsyno  VIVA VOX  Russian economy  Fashion  Ropsha  Actors  Baikal  Ryazan  foreign agent  Vladimir Fortov  BaikalAmur Mainline  Russian oil companies  Russian art  Historical Buildings  Festivals in Moscow  Nizhny Novgorod Region  St. Petersburg Parks   Candies  Nadezhda Petrova  Online Exhibitions  Exhibitions in Moscow  Russian tourism  human rights in Russia  Museum  Russian scientists  Khodorkovsky  Russian science  Sculpture  winter Olympic Games  Exhibitions in St. Petersburg  Russian sports  Moscow 

Travel Blogs
Top Traveling Sites