Determinants and considerations of Rosatom's external strategy

It is no secret that Russia considers its energy sector to be of paramount importance in maintaining its global position. Nevertheless, the global nuclear market is highly competitive. This influences the behaviour of Rosatom State Nuclear Energy Corporation and sets it apart from the other Russian...

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Bibliographic Details
Published in:Energy strategy reviews 2017-09, Vol.17, p.37-44
Main Authors: Minin, Nikita, Vlček, Tomáš
Format: Article
Language:English
Subjects:
External strategy
Foreign operations
Nuclear energy
Nuclear power plant
Rosatom state nuclear energy corporation
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Summary:It is no secret that Russia considers its energy sector to be of paramount importance in maintaining its global position. Nevertheless, the global nuclear market is highly competitive. This influences the behaviour of Rosatom State Nuclear Energy Corporation and sets it apart from the other Russian energy enterprises. The ongoing discord between Russia and the West, with incidents arising at an increasing frequency, raises concerns about the company's sizeable foreign presence. However, the analysis offered here shows that, despite various considerations affecting the corporation's ambitious external strategy, its interests are economic, and it is economic logic that prompts the company to focus on projects abroad. Therefore, fears of the Russian nuclear giant and politicization are unwarranted. •Economic motivations underlie Rosatom's ambitious external strategy.•Concerns over Rosatom's engagement abroad being politically motivated are unfounded.•Rosatom acts differently from other Russian state-owned energy enterprises.•Rosatom is increasingly financially independent of the Russian state.
ISSN:2211-467X
2211-467X
DOI:10.1016/j.esr.2017.07.001