The U.S. has granted a temporary license for transactions with Gazprombank related to civilian nuclear energy, according to the U.S. Department of the Treasury.
This license is valid until June 30, 2025, and covers transactions related to projects launched before November 21, 2024. As a result, Gazprombank will be able to participate in the financing and support of nuclear energy projects, particularly in the supply of equipment, technologies, and other necessary resources for the operation of nuclear power plants.
This decision comes amid the growing demand for nuclear energy as part of global efforts to reduce carbon emissions and transition to cleaner energy sources. However, the license is time-limited and underscores the need to adhere to international sanctions imposed on Russia, given the ongoing conflict in Ukraine. The U.S. is expected to closely monitor the implementation of this license and its potential impact on safety and technological control in the nuclear energy sector.
This decision marks an important step in maintaining energy security in regions where nuclear energy plays a crucial role.
