U.K. Sees Russian Involvement in Nuclear Program ‘Long Way Off’

U.K. is encouraging Russia’s Rosatom to work with British companies in third countries, Energy Minister Michael Fallon tells reporters. * “Companies like Rolls-Royce now are forming partnerships with Rosatom to compete for some of the new projects that are becoming available in Czech, Hungary, Turkey and elsewhere,” Fallon says in Vilnius, Lithuania * To enter U.K. civil nuclear program, Rosatom must “become familiar with the very high standards of nuclear regulation that we have in the U.K.,” Fallon tells reporters * “We’re a long way off from any Russian participation in our program at the moment:” Fallon * Nuclear deal with Electricite de France “has to be state-aid compliant, pre-notified on elements of the deal structure, but obviously the final result will still require agreement from Brussels:” Fallon * NOTE: Russia Targets U.K. Nuclear Sector With Rosatom, Mail on Sunday says; link to story: NSN MOHS5E6JIJUO<GO> * NOTE: EDF Nuclear Deal With U.K. Would Be Reviewed by EU, Almunia Says; link to story: NSN MT2Q4Y6K50XW <GO>

To contact the reporter on this story: Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.