Russia Injects $9 Billion Into Turkey’s Akkuyu Nuclear Project
Russian President Vladimir Putin and Turkish President Tayyip Erdogan attend a meeting in Ashgabat, Turkmenistan. Turkey has announced that Russia has provided $9 billion in new financing for the Akkuyu nuclear power plant, the country’s first nuclear facility and one of its largest-ever energy investments. The funds were delivered through Rosatom, Russia’s state nuclear corporation, which is constructing the plant under a long‑standing bilateral agreement. Turkish Energy Minister Alparslan Bayraktar said the new financing will support project expenditures through 2026–2027 , with several billion dollars expected to be deployed next year as construction accelerates. The plant, located in the Mediterranean province of Mersin, is now targeting 2026 for the launch of its first reactor. The Akkuyu project is central to Turkey’s strategy to diversify its energy mix and reduce reliance on imported fuels. Ankara is also in discussions with South Korea, China, Russia, and the United State...
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