Finland should compensate Russia for the shutdown of the construction of the Hanhikivi nuclear power plant

Losses from the shutdown of the Hinhikivi-1 NPP should be compensated to Rosatom due to Finland's decision. This was stated by the Director General of the state corporation "Rosatom" Alexei Likhachev, speaking at a meeting of the Federation Council of the Federal Assembly of the Russian Federation.

"The decision [to stop the construction of the NPP] is politicized, it is very difficult to comment on it from the point of view of common sense. We are now in judicial mode. We are concerned about the political beliefs of the Finnish government, but not much. They must pay and reimburse us for the losses incurred during the first stage of construction and creation of the project," said the head of Rosatom, quoted by TASS.

EADaily reminds that the project company Fennovoima, 34% of which belonged to Rosatom, announced in May 2022 that it had terminated the contract with the Russian nuclear state Corporation for the construction of the Hanhikivi-1 nuclear power plant in Finland.

The Hanhikivi-1 project envisaged the construction of a single-unit NPP based on a modern Russian-designed VVER-1200 generation 3+ reactor with a capacity of 1200 MW. Fennovoima acted as the customer, owner and operator of the future NPP. The general supplier of the Hanhikivi-1 NPP was the RAOS Project company (part of Rosatom). RAOS Project reported that it considers the termination of the contract unreasonable. Rosatom CEO Alexei Likhachev has repeatedly noted that the Finnish government's rejection of the Hanhikivi-1 NPP project with Russia is legally "absolutely vulnerable", the state corporation has great chances to return the money spent in court.