Support The Moscow Times!

Siemens Rethinks Rosatom

Siemens is considering exiting an atomic power joint venture with Rosatom after the nuclear crisis in Japan and mounting internal resistance, Financial Times reported Thursday.

The newspaper quoted an unidentified senior executive as saying the company is looking at a way out that would be "face-saving" for Russia and Siemens' chief executive Peter Loescher.

FT said a number of executives had privately doubted the viability and business prospects of the venture even before a massive earthquake and tsunami last month damaged Japan's Fukushima Daiichi power plant. "Fukushima will be an occasion to exit but not its reason," the executive was quoted as saying.

(Reuters)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more