Russian nuclear corporation Rosatom facilitates additional income for Russia through branch in Netherlands

The Rosatom Russian state company keeps constantly providing the Russian budget with supplementary income, which can be used to fund the war in Ukraine, through a subsidiary in the Netherlands.

Source: European Pravda with reference to the NOS Dutch media outlet

Details: Recently an annual report by a Dutch subsidiary of Rosatom, Uranium One, has indicated that the revenue from the activity of this company eventually ended up in Russia and filled the Russian budget with hundreds of millions of euros.

The European sanctions have not been imposed against Rosatom yet despite its direct role in the Russian occupation of the Zaporizhzhia Nuclear Power Plant (ZNPP) because nuclear energy of many countries remains dependent on it.

Rosatom mines raw materials in Kazakhstan and Tanzania through Uranium One and transfers the revenue to the Netherlands and then to Russia. In 2022 Uranium One claimed to have earned €222 million, tens of millions out of which were transferred to Rosatom. A big part of the income is being facilitated by uranium trade and other activities.

Official reports say that in 2022 Rosatom paid €3.1 billion to the Russian budget in taxes.

Background:

• At the end of June the Council of Europe adopted the latest, 14th package of economic and individual restrictive measures against Russia, which provided for the sanctions against Russian gas for the first time since the full-scale Russian invasion of Ukraine
• Unofficial reports say the EU discusses a ban on fish imports from Russia.

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