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Russia Is Wiring Dollars to Turkey for $20 Billion Nuclear Plant

  • Money will be used for procurement over next 2 years
  • Front-loaded payment alleviates fears of delays over sanctions
The Akkuyu Nuclear Power Plant in Mersin, Turkey, on July 21.

The Akkuyu Nuclear Power Plant in Mersin, Turkey, on July 21.

Photographer: Serkan Avci/Anadolu Agency/Getty Images

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A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions.