Putin smiles as EU goes nuke
Everyone knows Borat, but not everyone knows that his glorious
Kazakhstan has a third of the world's uranium reserves. Just
days before Russia dramatically shut off oil to Belarus, it quietly
launched a JV that allows it to tap into these rich reserves. In
retrospect, it might have been as significant a deal as Putin's
wrenching of 50% control of Belarus's pipeline network from
Lukashenko. The Belarus mini-crisis is pushing Europe more
toward nuclear power, but that same crisis is throwing Europe
into Russia's nuclear arms. True, nuclear fuel is easier to
transport and store, making it easier to switch suppliers, but as
demand grows, so will Russia's role. Ex-Industry Minister
Vladimír Dlouhý yesterday became the first public figure, other
than a few journalists, to express dismay at ČEZ's decision to
give all its nuclear-fuel business to Russia, without concern for
the strategic implications.
[Czech Republic joint venture Vladimir Alexander atomic energy
Goldman Sachs
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