NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Belarus' Lukashenko inaugurates nuclear power plant amid safety concerns

Published 07/11/2020, 12:42
Updated 07/11/2020, 12:57
© Reuters. Belarusian President Lukashenko visits a nuclear power plant near Astravets

MOSCOW (Reuters) - Belarusian leader Alexander Lukashenko inaugurated a nuclear power plant on Saturday that some neighbouring countries have opposed because of safety concerns.

Built by Russian state-owned firm Rosatom and financed by Moscow with a $10 billion loan, construction of the power plant near the city of Astravets, in the western Hrodno region, was vigorously opposed by Lithuania, whose capital Vilnius is just 50 kilometres (31 miles) away.

"This is a historical moment. The country will become a nuclear power," Lukashenko said in comments broadcast on state television. "The Astravets nuclear power station is a new step into the future, towards ensuring the energy security of the state."

Belarus began operating the plant earlier this week, prompting Lithuania to halt Baltics power trading with its neighbour.

Latvia said on Thursday said it had restarted imports of power from Russia to the Baltic states, which had been suspended over concern that some of the electricity was produced at the Astravets facility.

The plant's construction has also been divisive among Belarusians, who suffered greatly from the 1986 Chernobyl nuclear disaster.

Andrei Sannikov, a Belarusian opposition figure who was imprisoned after running against Lukashenko in 2010, wrote on Twitter the plant was a "geopolitical weapon" for Lukashenko and the Kremlin against the European Union and a "radioactive danger for Belarus and Europe."

The inauguration comes as Belarus has been rocked by mass protests and strikes since an Aug. 9 presidential election the opposition says was rigged.

© Reuters. Belarusian President Lukashenko visits a nuclear power plant near Astravets

Lukashenko, who has been in power since 1994, has rejected the accusations and dismissed opposition calls for him to step down.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.