Russia’s nuclear monopoly, Rosatom, stands as one of the most powerful and profitable tools in the Kremlin’s geopolitical arsenal—yet it remains curiously immune to international sanctions. Earning over $18 billion annually, the state-run corporation not only dominates nuclear energy production but also shapes global politics by financing and building nuclear infrastructure abroad. While Western powers target Russia’s oil, gas, and banking sectors, Rosatom continues expanding unchecked.

Rosatom controls roughly half of the global nuclear energy market, a staggering reach compared to its competitors. Of the 59 reactors currently being built worldwide, 26 are Rosatom projects, with most located outside Russia. Its business model ensures deep political leverage: the company provides design, construction, training, fuel supply, and even waste management—while also funding the projects through low-interest or state-backed loans. This financial model has made Russia indispensable to nations like Hungary, Turkey, and India, effectively turning them into long-term strategic partners.

The dependency deepens after construction. Rosatom’s reactors use proprietary fuel that only the company can provide. Russia directly produces about 6% of global uranium and controls another 20% through its Kazakh subsidiaries. Moreover, Moscow leads the world in uranium enrichment, holding up to 45% of that market. This dominance allows the Kremlin to manipulate global energy politics through supply threats and pricing control.

Despite clear evidence of Rosatom’s involvement in military activities—including supplying missile fuel and overseeing the seized Zaporizhzhia Nuclear Power Plant—sanctions have yet to touch it. The explanation is simple but unsettling: many Western nations, along with major global markets, still rely heavily on Russian nuclear fuel.

Ukraine’s successful transition to U.S.-produced fuel proves that independence from Rosatom is possible, though costly and time-consuming. Until more countries follow that example, Russia’s nuclear empire will continue powering both its economy and its influence.

 

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