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Araghchi to Grossi: These parties will bear responsibility for the consequences of their actions
Araghchi to Grossi: Iran will respond to any unlawful action by European countries or parties attempting to turn the Agency into a tool for achieving their objectives
Araghchi to Grossi: We urge the Agency to warn against the consequences of any political move against Iran
Araghchi to Grossi: We call on the Agency to highlight Iran’s full cooperation during the upcoming Board of Governors meeting next week
Araghchi to Grossi: We demand that the Agency reflect the facts in a manner that prevents certain parties from exploiting it to advance their political agendas
Iranian Foreign Minister Abbas Araghchi holds a phone call with IAEA Director General Rafael Grossi
Trump envoy Witkoff has sent 'detailed and acceptable proposal' to Iran for nuclear deal; it's in their best interest to accept it: White House Press Secretary Leavitt
Hamas official says Witkoff's position toward group was 'unfair' and shows 'complete bias' to 'Israel'
Hamas official says it has considered Witkoff's proposal acceptable for negotiations, says 'Israel's' response was incompatible with what the group agreed on
Hamas official says group has not rejected Wikoff's proposal for Gaza ceasefire

Finland company terminates Russian nuclear power plant construction

  • By Al Mayadeen Net
  • Source: Agencies
  • 2 May 2022 12:33
2 Min Read

Finland terminates a project with Russia to build a nuclear power plant.

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  • Finland company terminates Russian nuclear power plant construction
    Hanhikivi 1 is Fennovoima’s nuclear power plant project.

On Monday, Finnish nuclear energy company, Fennovoima announced that it has terminated the construction contract for building the Hanhikivi 1 nuclear power plant (NPP) in tandem with Russia's state nuclear company, Rosatom, in Pyhajoki, Finland.

"Fennovoima has terminated the contract for the delivery of the Hanhikivi 1 nuclear power plant with Rosatom," the Company said in a statement, adding that cooperation is ended "with immediate effect and both the design and licensing work and works at the Hanhikivi 1 site with RAOS project end."

Fennovoima, in addition, has made the decision to do so "due to RAOS Project's [legal entity of Rosatom in Finland] significant delays and inability to deliver the project."

"The war in Ukraine has worsened the risks for the project. RAOS has been unable to mitigate any of the risks," the statement added.

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Russia has been dealing with sanctions led by the West, prompting companies around the world to cut their business and trade with Moscow. 

See more: The monthly losses of companies that suspended business in Russia

As Finland looks to abandon its neutrality and join NATO, the Scandinavian country looks to distance itself from Russia, raising hostilities and tensions. 

In the coming weeks, tens of thousands of troops from NATO and other North Atlantic states will participate in a series of military drills throughout Europe as Western governments attempt to display a show of force against Russia.

The drills will take place in Finland, Poland, North Macedonia, and along the Estonian-Latvian border, and will be supported by planes, tanks, artillery, and armored assault vehicles.

In addition, the deployments are scheduled for this week in Finland, where US, UK, Estonian, and Latvian troops will take part in Exercise Arrow in an attempt to work close to Finnish forces.

  • Finland
  • Rosatom
  • Russia

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