Kudankulam, about 100 kilometres from the port city of Tuticorin in the state of Tamil Nadu at the southern tip of India, is already home to two operating Russian-VVER 1000 pressurised water reactors: Kudankulam 1 has been in commercial operation since 2014 and Kudankulam 2 since 2017.

В течение многих лет Иран – наш добрый сосед, стратегический партнёр и единомышленник. Российско-иранские многоплановые связи традиционно выстраиваются на основе уважения и учёта интересов друг друга.

The small modular reactor (SMR) is a water-cooled RITM-200N 55 MW reactor that has been adapted from the RITM-200 series used to power Russia's latest fleet of nuclear-powered icebreakers. It will be built near Ust-Kuyga in Yakutia (also known as Sakha) in Russia's Arctic north, with the aim of commissioning in 2028.

In a statement, Rosneft’s law firm Malmendier Legal said such an expropriation would be “unprecedented in Germany’s post-war history” and that the Kremlin-controlled company would take “all necessary measures” to protect the rights of its shareholders.

Brent slipped 1 cent to $81.62 a barrel, WTI rose 3 cents to $76.25 a barrel.

The Committee will continue to closely assess market conditions. Building on the strong cohesion between OPEC and participating non-OPEC oil-producing countries,

Russia is interested in “how scrupulously” German authorities will approach the investigation given Germany “has lost a lot due to this terrorist attack,” Kremlin spokesman Dmitry Peskov told reporters on Wednesday, when asked about Sweden’s decision, according to Interfax.

Industrial production fell in December by 1.6% compared with the previous month. Analysts polled by Reuters had predicted a 0.4% fall.

Brent rose 16 cents, or 0.2%, to $78.75 a barrel, WTI climbed 20 cents, or 0.3%, to $73.51.

Oil imports from Russia, negligible before Moscow’s invasion of Ukraine, climbed steadily through 2022 and the first half of last year as India saw an opportunity to procure discounted barrels. Russia overtook traditional suppliers like Iraq and Saudi Arabia.