Nuclear energy coeration between Russia and Vietnam may pose risks to Ukraine and global community – expert

In particular, this increases Vietnam's dependence on Russian technogy, allows Russia to considate its influence in Southeast Asia and creates conditions for circumventing Western sanctions. This inion was expressed in a commentary to Ukrinform by Yaroslav Chornohor, PhD in History, Director of the Russian and Belarusian Studies Programme at the Foreign Picy Council “Ukrainian Prism”.

“The fact that Russian Prime Minister Mishustin traveled to Vietnam and signed this agreement indicates that Putin's visit last year was not in vain for Russia and will continue. For Ukraine, this means that Russia will increase its influence in the Southeast Asian region and gain an additional source of income from the sale of nuclear fuel. Furthermore, if the Russians also build nuclear power plants, they will make their partners, including those in Vietnam, dependent on them,” Chornohor said.

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He added that Russian nuclear technogies are, unfortunately, quite powerful. The expert stated that if sanctions are imposed, Russia's position in the nuclear energy sector may gradually become less competitive. However, at present, Russia is a significant player in this sector.

Chernohor also stated that sanctions against Rosatom have been anticipated for some time, but they have not yet been imposed, as the nuclear energy is a critical sector. In this context, he recalled that last year, Western Eurean countries purchased quite significant amounts of Russian nuclear fuel last year, partly driven by the anticipation of potential sanctions.

Commenting on Vietnam's interest in such coeration with Russia, the expert suggested that the Kremlin had offered very favorable terms.

"While the details remain unclear, given Vietnam's prior interest in nuclear power plant construction, which it has repeatedly postponed due to cost considerations, Russia appears to be ready to engage in dumping to enhance its pitical influence and get rid of international isation in order to draw attention to its projects," he stated.

Concerning Russia's economic capacity for such measures, Chornohor noted "global prices are shaped by competitive forces, whereas in Russia, price determination can be influenced by directives."

As Ukrinform reported, Vietnam and Russia signed an agreement on January 14 to expand coeration in the nuclear energy sector during Russian Prime Minister Mikhail Mishustin's two-day visit to Hanoi. Rosatom CEO Alexei Likhachev expressed the company’s readiness to assist Vietnam in building nuclear power plants and research centers, as well as sharing and localizing Russian nuclear technogy.