Russia, with its unique resource base, is capable of ensuring the energy security of the entire Eurasian region. The total value of our country’s natural wealth is about $100 trillion — almost twice that of the United States,' he said at the Russia–China Energy Business Forum.
He furter stated that from the perspective of the economics of nuclear energy projects, the modern Russian VVER-1200 reactor is significantly cheaper than the American AP-1000.
For example, 35 reactors with a total capacity of 38 GW are under construction in China, which equals the total capacity of all nuclear power plants currently being built worldwide, Sechin explained.
In addition, seven reactors are under construction in Canada, five in India, and four in South Korea, he highlighted.
“The recently announced major plans of the United States to develop nuclear energy so far exist only on paper,” Sechin stressed.