Russia May Lend $14 Billion to Hungary to Build Reactors

Russia agreed to build two new nuclear reactors in Hungary and may lend as much as 10 billion euros ($13.7 billion) to finance the project.

The expansion will almost double the capacity of Hungary’s Paks nuclear power plant, Russian President Vladimir Putin told reporters at his residence near Moscow today after meeting Hungarian Prime Minister Viktor Orban. The two governments are still discussing the terms of the loan, Russian Finance Minister Anton Siluanov said.