Kudankulam NPP will comprise six units with VVER-1000 reactors. Work began following an intergovernmental agreement between India and Russia signed in 1988.

Rosatom Director General Alexey Likhachev initiated a telephone conversation with IAEA Director General Rafael Grossi on 9 August to discuss the situation around the Kursk NPP.

The Russian Federation retains its full commitment to the OPEC Plus agreement.

The IAEA has been monitoring the situation on the reported military activities taking place in the vicinity of the Kursk Nuclear Power Plant (NPP).

The Joint Ministerial Monitoring Committee (JMMC) reviewed the crude oil production data for the months of May and June 2024 and noted the high overall conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC).

According to Russian customs data, the Russia-India bilateral trade volume hit a record US$23.1 billion in the first four months of the current year, marking a 10% rise versus the same period in 2023.

Discussions also included the possible implementation by Rosatom of a project for the construction of a second NPP at Sinop. Rosatom said possible design solutions would be based on the wishes of the Turkish side to strengthen the effect of the project on the Turkish economy.

The Paks II project was launched in 2014 by an inter-governmental agreement between Hungary and Russia for two VVER-1200 reactors (units 5&6) to be supplied by Rosatom. The contract was supported by a Russian state loan to finance the majority of the project.

Following the South Korean government's decision to restrict state-owned power-generating companies from importing Russian thermal coal from the spot market towards the end of 2023, Russian exports lost ground to Colombian thermal coal supply in recent months.

The Prohibiting Russian Uranium Imports Act was signed by President Joe Biden in May, after being passed unanimously by the US Senate and will go into effect on 11 August.

MSATO project 22770 is intended for the technological and maintenance of the nuclear power plants on marine vessels and is expected to be put into operation in 2029.

The Paks II project was launched in 2014 by an inter-governmental agreement between Hungary and Russia for two VVER-1200 reactors (units 5&6) to be supplied by Rosatom.

The agenda includes a logistics supply agreement to bolster cooperation between the two militaries, restarting discussions on the joint development of a fifth generation fighter aircraft, and collaboration on nuclear power, the people said.

Following the summit meeting, President Putin said that “a promising area for expanding bilateral cooperation is nuclear energy”.

Russia was able to divert oil exports away from Europe to India and China, securing the much-needed financial flows for its budget, which is in deficit as Moscow spends heavily on defence and security.