Future Nuclear Power in Russia
Russia has benefited immensely from the soaring price of oil and natural gas on the world market, transforming its economy from bankruptcy to one marked by large surpluses and growth. Fueled by the global energy market, Russia's sense of international strength and sovereignty has also grown. However, Russia's future remains tied to two uncertain factors: energy prices and the ability to sustain production. Russia is greatly increasing its hydro-electric capacity, aiming to increase by 60% to 2020. Also, Russia formally adopted a $55 billion nuclear energy development program, with $26 billion of this to 2015 coming from the federal budget.
Russia has benefited immensely from the soaring price of oil and natural gas on the world market, transforming its economy from bankruptcy to one marked by large surpluses and growth. Fueled by the global energy market, Russia's sense of international strength and sovereignty has also grown. However, Russia's future remains tied to two uncertain factors: energy prices and the ability to sustain production. Russia is greatly increasing its hydro-electric capacity, aiming to increase by 60% to 2020. Also, Russia formally adopted a $55 billion nuclear energy development program, with $26 billion of this to 2015 coming from the federal budget.