Published by Global Banking & Finance Review®
Posted on February 26, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleThe 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.
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.
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 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.
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.
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 PROJECT
In June 2025, Kazakhstan chose Rosatom to lead an international consortium to build the country's first nuclear power plant.
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.
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 by Anastasiya Lyrchikova, Mariya Gordeyeva and Olesya Astakhova; Writing by Anastasia Teterevleva and Gleb Stolyarov; Editing by Susan Fenton)
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.
Rosatom Energy Projects, REIN Engineering and Rusatom Overseas were designated, along with two senior executives, as part of the Feb 24, 2026 package.
Rosatom says they will not. Projects in Turkey, Egypt, Hungary, Bangladesh and Kazakhstan are continuing, with Kazakh authorities stating their plan is unaffected.
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