Finance
Russia's Rosatom says overseas nuclear plant projects continue despite new UK sanctions
Published by Global Banking & Finance Review®
Posted on February 26, 2026
2 min readLast updated: February 26, 2026
Tags:emerging markets
Quick Summary
The UK sanctioned three Rosatom-linked entities, but Russia’s nuclear firm says its overseas plant projects will continue. Builds in Turkey, Egypt, Hungary, Bangladesh and Kazakhstan are set to proceed.
Rosatom Pledges to Maintain Overseas Nuclear Builds After UK Sanctions
Rosatom’s Overseas Projects Amid UK Sanctions
MOSCOW/ALMATY, Feb 26 (Reuters) - Russian state-owned Rosatom said on Thursday that it would continue its foreign nuclear power plant projects and keep meeting its obligations despite new British sanctions against Russian companies.
Details of the UK Sanctions Package
Britain included Rosatom's three subsidiaries linked to its foreign projects in its latest sanctions package, its largest since Russia sent troops into Ukraine in 2022. The UK government said the subsidiaries were included because they are involved "in trying to secure contracts for new Russian nuclear installations overseas, opening up additional energy revenue streams to make up for plummeting oil revenues".
Rosatom’s Response and Safety Claims
"Rosatom regards any unilateral restrictions as illegitimate under international law. In the field of peaceful nuclear energy, safety is the overriding priority. Measures of this kind undermine that foundation," Rosatom said in a statement.
Rosatom itself is not subject to sanctions.
Scale of Global Project Portfolio
As of 2024, Rosatom had the world's largest portfolio of foreign nuclear power plant projects - 33 large-capacity power units. The company is currently building nuclear plants in Turkey, Egypt, China, Bangladesh, Hungary, Kazakhstan and elsewhere.
Market Share and Fuel Supply Role
Rosatom said it is the world's No. 1 nuclear power plant builder with a 90% market share and is a key player in nuclear fuel supply.
Kazakhstan Nuclear Project Overview
KAZAKHSTAN PROJECT
In June 2025, Kazakhstan chose Rosatom to lead an international consortium to build the country's first nuclear power plant.
KAEA: Sanctions Not Affecting Construction
The Kazakhstan Atomic Energy Agency (KAEA) said on Thursday that UK sanctions will not affect the construction process because it does not have any contract relations with sanctioned entities or individuals and does not plan to involve them as subcontractors.
Progress, Monitoring, and Risk Management
Work on the power plant is currently progressing as planned and the agency is monitoring sanctions policies of other countries and taking risks into account, the agency said.
Reporting and Editing Credits
(Reporting by Anastasiya Lyrchikova, Mariya Gordeyeva and Olesya Astakhova; Writing by Anastasia Teterevleva and Gleb Stolyarov; Editing by Susan Fenton)
Key Takeaways
- •The UK sanctioned three Rosatom-linked subsidiaries and two executives on Feb 24, 2026, in its largest Russia package since 2022.
- •Rosatom says it will continue overseas nuclear projects and honor existing contracts despite the new measures.
- •The company claims about 90% share of global export NPP construction and remains a major nuclear fuel supplier.
- •Active builds span Turkey (Akkuyu), Egypt (El Dabaa), China, Bangladesh (Rooppur), Hungary (Paks II) and Kazakhstan.
- •Kazakhstan selected Rosatom in June 2025 for its first NPP; the Kazakh atomic agency says UK sanctions won’t affect the project.
Frequently Asked Questions about Russia's Rosatom says overseas nuclear plant projects continue despite new UK sanctions
1What is the main topic?
The article covers new UK sanctions on Rosatom-linked entities and the company’s response that its foreign nuclear power plant projects will continue as planned.
2Which Rosatom entities were sanctioned by the UK?
Rosatom Energy Projects, REIN Engineering and Rusatom Overseas were designated, along with two senior executives, as part of the Feb 24, 2026 package.
3Will sanctions affect Rosatom’s overseas nuclear projects?
Rosatom says they will not. Projects in Turkey, Egypt, Hungary, Bangladesh and Kazakhstan are continuing, with Kazakh authorities stating their plan is unaffected.
