Hungary Agrees to Changes in Nuclear Plant Deal With Russia
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Hungary will delay interest payments to Russia that it owes in a Moscow-backed financing deal for the Paks II nuclear power plant, and it will make them in euros, the government in Budapest said in a decree published late on Monday.
The project will come on line only early next decade, much later than planned, due to significant delays tied to European Union opposition to the investment and Hungarian regulators’ complaints about the quality of plans from Rosatom Corp., which is building the facility.