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    Russian Nuclear Deals: News

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    Austin
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    Re: Russian Nuclear Deals: News

    Post  Austin on Fri Jan 17, 2014 3:24 am

    Nice they were suppose to build 6 Reactors at that site initially but now building 4.

    Russia will be given one more site to build reactor

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Sat Jan 25, 2014 10:25 pm

    Nice going ...  russia 


    Over 2,000 specialists build first Belarusian NPP

    The nuclear power plant with the generating capacity of 2.4 gigawatts will be located in the Ostrovets district of the Grodno region. It will have two units 1,200 MW each. Russia will give Belarus a low-interest loan of up to ten billion U.S. dollars for 25 years to finance the project.
    Belarus had asked the Russian government to provide a loan for the construction of two units of the Belarusian first nuclear power plant and for the creation and development of necessary infrastructure.

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Thu Jan 30, 2014 11:21 pm

    Seems like another potentialy huge deal in making for Rosatom - this time with Ukraine

    Ukrainian energy minister, Rosatom head discuss nuclear cooperation


    and the interesting development for ever lasting saga

    Bulgaria premier declines to comment on nuke power plant construction

    it seems that Bulgaria has finally realized that there is nothing wrong with doing busines with Russia no matter what the EU/USA/NATO says  Very Happy 

    South Stream gas project is a national priority for Bulgaria, Prime Minister says

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Fri Jan 31, 2014 6:10 pm

    Deal with Ukraine sealed  thumbsup 

    Stavitsky told Kiriyenko that Ukraine’s competent bodies had chosen a technical project for finishing the construction of units 3 and 4 at the Khmelnitskaya nuclear power station to be carried out with the use of Russian technologies.

    Rosatom head, Ukrainian energy minister discuss issues of nuclear energy cooperation

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Thu Feb 06, 2014 1:07 pm

    Was not aware that Russia supplys nuclear fuel to Switzerland ... nice  thumbsup 

    LINK


    and continuation of the Iran story for new NPP

    Russia and Iran consider option of constructing 2nd Bushehr NPP unit

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Fri Feb 07, 2014 11:02 pm

    Nice  thumbsup 

    Russia could take all of those 20 000 megawatt NPPs


    Russia-Iran: new horizons of economic cooperation


    "Iran has a program on energy field development prepared by the government. In line with this plan, Iran is to build around 20 nuclear plants with the minimum overall capacity of 20,000 megawatt in the near future. It’s going to cost at least $65-70 billion," he concludes.

    Talks on the construction of a second unit of the Bushehr power plant are underway. The works may start as early as this year.

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Wed Feb 26, 2014 10:25 pm

    Nice  thumbsup 

    Russia, India discuss agreement on second phase of Kudankulam NPP

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Fri Feb 28, 2014 11:09 pm

    Nice  thumbsup 

    The plant is part of a bilateral roadmap signed in 2010 to construct 14-16 nuclear power plants across India

    LINK

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Tue Mar 04, 2014 2:46 am

    Nice  thumbsup 

    LINK

    “The technical negotiations are close to completion and the two sides are going to sign the agreement for KNPP 3 and 4 within a few weeks. I can’t disclose the costs and exact timeline for this. After this, India and Russia are going to collaborate on setting up at least ten more nuclear reactors in India

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    Re: Russian Nuclear Deals: News

    Post  flamming_python on Tue Mar 04, 2014 3:24 am

    The Czechs are threatening to renege on the NPP tender that Russia was contending for, over the Ukraine crisis

    Viktor how far along was that deal? Was Russia in for a shot of winning?

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Tue Mar 04, 2014 3:35 am

    Nothing has been signed and I was not aware of the bidding till today when I heard it on the news.

    Somehow I missed it completely. Anyway here is a Ria link

    Russian-Czech Firm to Bid for Temelin NPP Project

    this could be a easy way off for Czechs because of huge US preassure (US and Russia are the only ones in the game) but I would not count off the deal no matter what has been said.

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    Re: Russian Nuclear Deals: News

    Post  flamming_python on Tue Mar 04, 2014 4:20 am

    Same, haven't heard of it before. No big loss then.
    West has to win at least one NPP tender right? Have some mercy on poor Westinghouse, Areva, Hitachi, etc...  russia

    What's of bigger concern is the NPP project in Britain. I dare say the ones in Finland and Hungary are safe as these countries pursue a slightly more independent of the US foreign policy as much as they can. But the NPP negotiations in Bulgaria might run into trouble.

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    Re: Russian Nuclear Deals: News

    Post  TR1 on Tue Mar 04, 2014 4:40 am

    Putin should have thought of all this before sticking Russian troops into our useless (economically) neighbor.

    Bah.

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    Re: Russian Nuclear Deals: News

    Post  flamming_python on Tue Mar 04, 2014 4:51 am

    Yep we already lost more money there than was spent on the Olympics

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    Re: Russian Nuclear Deals: News

    Post  sepheronx on Tue Mar 04, 2014 5:25 am

    flamming_python wrote:Yep we already lost more money there than was spent on the Olympics

    OK, first off, it was an investment no matter how you look at it.  There was nothign there before, and private enterprises got involved too.  As well, market fluctiations happen with bad news.  Have you actually felt it?

    As well, worst happened in 2008 man. Where you in Russia then? Serious question actually, cause I heard some felt it and some did not so I don't know.

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    Re: Russian Nuclear Deals: News

    Post  TR1 on Tue Mar 04, 2014 5:53 am

    flamming_python wrote:Yep we already lost more money there than was spent on the Olympics

    Russia is going to look bad no matter what after this (unless the Uks start killing Jews or something Wink ) , so much for increased tourism into Sochi as well.


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    Re: Russian Nuclear Deals: News

    Post  flamming_python on Tue Mar 04, 2014 6:29 am

    sepheronx wrote:
    flamming_python wrote:Yep we already lost more money there than was spent on the Olympics

    OK, first off, it was an investment no matter how you look at it.  There was nothign there before, and private enterprises got involved too.  As well, market fluctiations happen with bad news.  Have you actually felt it?

    As well, worst happened in 2008 man. Where you in Russia then?  Serious question actually, cause I heard some felt it and some did not so I don't know.

    No I wasn't in Russia in 2008, but back then I had the same sinking feeling, the same doubts, etc... turned out to be unfounded of course, but I fear that won't be the case this time. Mainly that was because I wasn't sure whether Russia was doing the right thing or not.
    Of course I wanted for the Georgians to get a good thrashing, but at the same time it was the territory of another country, and so on.

    Market fluctuations right now haven't hit me. As someone here mentioned - main thing is the fundamentals. The Russian economy is exporting good, a falling rouble will mean more export success, and it will also mean that people will invest back into it when it gets right down; because of course the economy is not in collapse-mode and it won't stay down.
    The stock markets are tanking but it's the same deal there too. They are already under-capitalized, and would present a major opportunity as soon as the political situation starts to show signs of if not calming down, then at least becoming a bit more predictable with less rash moves.

    Really the main thing I'm worried about is lost business in arms-partnerships with EU countries, worsening of relations with Finland and that country moving more towards NATO, losing NPP contracts in Europe, partnerships in high-tech (e.g. Skolkovo) being cancelled and Russian reserves being burnt up - meaning budget cutbacks for social welfare, military modernisation, infrastructure investments, etc...

    The good news is that now America and the EU will waste all their money in the Ukraine, and perhaps on a military build-up along their Eastern borders; which will put a lot of pressure on them at a time when their own economies are hardly in great shape. US stock market also tumbled by some 1% yesterday over this whole crisis.

    Basically nothing good can come out it. My opinion is that Russia played its cards way too rashly and early and now we stand to gain little but lose a lot. Why we bothered sticking our neck out over this country; while Russian-speakers haven't faced any specific danger so far is beyond me.

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    Re: Russian Nuclear Deals: News

    Post  sepheronx on Tue Mar 04, 2014 6:49 am

    Your guys rrserves are up the yingyang. Doubt they will even tap into it.

    Putin already mentioned that economic had to change (austin posted it) and well, this will be prime moment. Finland was already lost to NATO (they been contemplating it more in recent years) and well, some NPP contracts may be lost, but they are definately not hurting. It was already mentioned that London is not pushing economic sanctions. China is already increasing investment in your country and already hundreds of billions $$ in gas and oil signed to China will end up making them largest importer of Russian gas/oil, while europe will still need it.

    Then there is the business aspect. Will france really pull out of the auto industry in Russia? Will they be willing to lose all those billions they invested in avtovas? What about lost sale of ships to Russia? There is the aspect too that Russia can pull their investments out of EU.

    Sales of weapons were mostly to middle eastern and asian markets and sorry to say, not EU. Actually, that is why you dont hear a peep from Algeria, India or egypt as examples.

    Asian market is interested in Russia. European market is trying to get away from Russia besides buying Russian companies. As been mentioned before, by hannible, majority of tge FDI is in energy companies. There are other companies here and there by Europe and USA, but nothing that cannot be done by asian markets. In the end, all they want is your raw goods, and now, so does Asia. This ordeal will end up being that stake that will drive into the economic vampires heart. If your gov has a good idea, it would be to diversify market, not just away from raw materials, but also from Europe to itself and Asia.

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    Re: Russian Nuclear Deals: News

    Post  flamming_python on Tue Mar 04, 2014 7:20 am

    I have a feeling that Europe, especially Germany, is sort of pissed off at the US for having been dragged into this adventure; with the risk of all the business ties that they have with Russia being severed too.

    But then the EU is just as much to blame; Germany was one of the main players.

    I guess they weren't expecting the reaction that they got.

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Tue Mar 04, 2014 2:40 pm

    Nothing will happen. Soon it will be bussines as usuall except Russia had to react. West was pushing to much.

    - France already stated that no deals with Russia will be broken (including military)
    - Germany said there is no way that Russia will be expelled from G8
    - Italy is pressing on with G8 and intends to come
    - Britain (secrety photographed papers) does not intend to impose any sanctions

    It will be all talk which will at the end rise the Russian influence in the world and make western politicians think twice before they decide to do something without consulting Russia on
    the topic.

    In the meantime with Crimea out (and specially Crimea) we have:

    - Ukraine gas dependance is secured (there can now be no ofshore drilling)
    - Russian economy gravitational force is just to strong for Ukraine to get out of Russian influence
    - no NATO membership (because of Crimea - which is why it is important to perserve Ukrainian territorial integrity)
    - Russian Sevastopol base secured forever (because of special autonomy status it will regain after elections)
    - Ukranian east completely dependant on CIS market
    - Huge new oil and gas fields in Crimea territorial waters for Russia and none for Ukraine

    The thing is that Crimea will after these elctions have status of autonomy republic in a way that it will:

    - have its own army and police forces
    - its independant finance
    - its independant foreign policy
    - etc

    but will still be part of Ukraine (although purerly on paper  Very Happy )

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    Re: Russian Nuclear Deals: News

    Post  zino on Tue Mar 04, 2014 11:02 pm

    Viktor wrote:Nothing will happen etc etc

    Good post but crosspost! (I'm kidding  Laughing )

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    Re: Russian Nuclear Deals: News

    Post  zino on Tue Mar 04, 2014 11:07 pm

    flamming_python wrote:Same, haven't heard of it before. No big loss then.
    West has to win at least one NPP tender right? Have some mercy on poor Westinghouse, Areva, Hitachi, etc...  russia

    What's of bigger concern is the NPP project in Britain. I dare say the ones in Finland and Hungary are safe as these countries pursue a slightly more independent of the US foreign policy as much as they can. But the NPP negotiations in Bulgaria might run into trouble.

    AFAIK China is the main and so far the only contractor for UK. Rosatom would be anyway in the background.

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    Re: Russian Nuclear Deals: News

    Post  Austin on Tue Mar 11, 2014 7:03 am

    Irrespective how the crisis gets resolved ....... Russia needs to stop pegging its Rouble against USD and gradually move towards Euro &  China.

    China is planning to float its currency in 2015 ......so it makes sense for Russia to peg its rouble against Yuan and Euro .....just keep a small percentage in USD as they do right now for British Pound.

    IF my stastics are right Russia exports $450 Billion of Oil/Gas yearly ....... delinking it to USD would be good for its own economy knowing that it can be prone for sanctions from US.

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    Re: Russian Nuclear Deals: News

    Post  magnumcromagnon on Tue Mar 11, 2014 9:42 am

    Austin wrote:Irrespective how the crisis gets resolved ....... Russia needs to stop pegging its Rouble against USD and gradually move towards Euro &  China.

    China is planning to float its currency in 2015 ......so it makes sense for Russia to peg its rouble against Yuan and Euro .....just keep a small percentage in USD as they do right now for British Pound.

    IF my stastics are right Russia exports $450 Billion of Oil/Gas yearly ....... delinking it to USD would be good for its own economy knowing that it can be prone for sanctions from US.

    China floating its currency would be a terrible idea, one of the first things to happen would be a massive collective speculative attack against the Yuan, hedge funds would drive it high in the sky for the purpose of wrecking China's export industry! Before back when Bretton Woods was established we had pegged currencies that didn't float so the world economy was far more stable in the 50's-60's than they were in the 70's,80's,90's,00's. Free floating currencies gave the world currency speculative derivative peddling monstrosities such as the Soro's Quantum Fund which was the leading hedge fund that weakened the Euro in favor of the Dollar:

    Hedge funds are ganging up on weaker euro

    Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of trades at the height of the U.S. financial crisis.

    The big bets are emerging amid gatherings such as an exclusive "idea dinner" earlier this month that included hedge-fund titans SAC Capital Advisors LP and Soros Fund Management LLC. During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to "parity"—or equal on an exchange basis—with the dollar.

    The currency wagers signal that big financial players spot a rare trading opening driven by broader market dislocations. The euro, which traded at $1.51 in December, now hovers around $1.3550. With traders using leverage—often borrowing 20 times the size of their bet, accentuating gains and losses— a euro move to $1 could represent a career trade.

    If investors put up $5 million to make $100 million trade, a 5% price move in the right direction doubles their initial investment.

    "This is an opportunity...to make a lot of money," says Hans Hufschmid, a former senior Salomon Brothers executive who now runs GlobeOp Financial Services SA, a hedge-fund administrator in London and New York.

    Through small gatherings, hedge funds can discuss similar trades that can feed on each other, in moves similar to those criticized in the Panic of 2008.

    Then, big hedge-fund managers, such as Greenlight Capital Inc. President David Einhorn, who also was at this month's euro-dominated dinner, determined that the fortunes of Lehman Brothers Holdings and other financial firms were dim and bet heavily against their securities.

    In recent weeks, some traders have compared Greece to Bear Stearns Cos., the first major U.S. investment bank to falter in 2008, and Portugal as the equivalent of Lehman, which flailed for months before collapsing.

    There is nothing improper about hedge funds jumping on the same trade—unless it is deemed by regulators to be collusion.

    Regulators haven't suggested that any trading has been improper. Still, the euro action shows that such loosely coordinated trading is roiling markets.

    An SAC manager, Aaron Cowen, who pitched the group on the bearish bet, said he viewed all possible outcomes relating to the Greek debt crisis as negative for the euro, people familiar with the matter say. SAC's trading position on the euro is unclear. Mr. Cowen declined to comment.

    George Soros, head of a $27-billion fund manager, warned publicly last weekend that if the European union doesn't fix its finances, "the euro may fall apart." Through a spokesman for Soros Fund Management, he declined to comment for this article.

    A Greek finance ministry official declined to comment. A European Commission spokeswoman said the Commission doesn't comment on market rumors, adding that the European Union's executive arm is working toward developing rules to tighten regulation and risk.

    Few traders expect the value of the euro to collapse in the same the way that the British pound did in 1992 amid a large bearish bet by Mr. Soros. In that famous trade, which traders say led to a $1 billion profit, selling led by Mr. Soros pushed the pound's value so low that the Britain was forced to withdraw its currency from Europe's Exchange Rate Mechanism, which tied currencies together within fairly narrow trading bands, which then caused the pound to drop even more sharply.

    Traders estimate that bets for and against the euro account for a huge chunk of the daily $3 trillion global currency market; that's a far cry from 1992, when global daily volume was just $820 billion.

    As in the U.S. financial crisis in 2008, derivatives known as credit default swaps are playing a part in the trades. Some of the largest hedge funds, including Paulson & Co. Inc., which manages $32 billion, have bought such swaps, which act as insurance against a default by Greece on its sovereign debt. Traders view higher swaps prices as warning signs of potential default.

    Since January, the prices of such swaps have nearly doubled, reflecting investors concerns about a default by Greece. Paulson had built a large bearish position on Europe, people familiar with the matter say, including swaps that will pay out if Greece defaults on its debt within five years. But someone familiar with the matter said that more recently, Paulson had become bullish on the euro.

    In a statement, Paulson declined to comment "on individual positions," saying it "does not manipulate or seek to destabilize securities in any markets."

    Late last year, hedge funds bought swaps that insured the debt of Portugal, Italy, Greece and Spain against the risk of default, and began making bearish euro bets. More recently, the hedge funds have sold these swaps to banks looking to "hedge," or protect, their holdings of European government bonds, traders say.

    In the past year, the overall value of swaps insuring default against a Greek debt default has doubled, to $84.8 billion, according to Depository Trust & Clearing Corp. But the net amount that sellers would actually pay in a default rose just modestly over the same period, up only 4% to $8.9 billion, the DTCC says. This suggests that banks and others have bought and sold roughly equal amounts of swaps to hedge their positions, traders say.

    The bigger bet against Europe these days is playing out in the vast foreign-exchange markets, which offers a plethora of ways to trade.

    The focus on the euro began on Dec. 4, when the currency swooned 1.5% following an unexpectedly strong slowdown in the pace of U.S. job losses that buoyed the dollar.

    Between Dec. 9 and Dec. 11, some big European and U.S. banks made bearish calls on the euro by buying one-year euro "puts." Puts give the holder the right to sell an investment at a specified price by a set date.

    The pressure on the euro began building. The currency fell another 1.3% on Dec. 16, when Standard & Poor's downgraded Greek sovereign debt. Around that time, some large investors like asset manager BlackRock Inc. BLK -0.75%  had bearish bets on the euro, believing that it couldn't sustain the levels at which it was then trading and that Europe's financial recovery would lag that of the U.S., according to people familiar with their position.

    The concerns about Greece heightened on Jan. 20, when investors began to worry that the country would be unable to refinance its heavy debt load, causing the euro to fall another 1.3% to around $1.41. By Jan. 22, the cost to insure $10 million of Greek debt against default had risen to $339,000 from $282,000 on Jan. 1.

    That same day, Greece announced it planned a five-year, €8 billion ($10.83 billion) bond sale in the coming days. To stave off speculators, Greece and its investment-bank advisors limited what could be allocated to hedge funds, according to a person familiar with the sale.

    The sale was completed Jan. 25. But by Jan. 28, the value of the new bond had fallen 3.5%, which left investors unhappy.

    At the Feb. 8 dinner in Manhattan, hosted by Monness, Crespi, Hardt & Co., a boutique research and brokerage firm, three portfolio managers spoke about investment themes related to the European debt crisis.

    Donald Morgan, head of hedge-fund Brigade Capital Management LLC, told the group he believed the Greek debt crisis is an early domino to fall in a contagion that eventually will hit states, municipalities and all forms of sovereign debt. Greenlight's Mr. Einhorn, meanwhile, who was among the earliest and most vocal bears on Lehman, said he is bullish on gold because of inflation concerns. Mr. Einhorn declined to comment.

    Three days after the dinner, the euro was hit with another wave of selling, triggering a decline that brought the currency below $1.36.

    Last week, traders from Goldman, J.P. Morgan Chase JPM -0.34%  & Co., Bank of America Corp.'s BAC +0.81%  Merrill Lynch unit, and the British bank Barclays BCS -2.98%  PLC were helping investors place a particularly bearish bet on the euro, traders say.

    The trade involved an inexpensive put option that will provide its holder a big payoff if the euro falls to the level of a single U.S. dollar within a year. Known as a "tail-risk" trade because its probability is low, the euro-dollar parity put is a cheap way of ensuring that if the euro sinks dramatically within a year, an investor will generate big returns.

    In recent days, the parity trade has been shopped around to banks to see which would offer the best deal. A going price for the extremely cheap bet is around 7% of the amount that a parity-trade would pay off. So for an investor seeking a $1 million bet, the cost is a mere $70,000.

    This means that the market currently assigns roughly 14-to-1 odds that parity will be reached. In November, the odds were around 33-to-1, said a person who has seen the pricing for the trade.

    http://online.wsj.com/news/articles/SB40001424052748703795004575087741848074392


    ...Collective speculative currency attacks wouldn't be possible without destroying the Bretton Woods currency pegging system, and massive deregulation of the Securities/Derivatives market, one in particular measure that comes to mind being the repeal of Glass/Steagal law by Bill Clinton. I do agree that Russia should peg it's currency with the Yuan, but not the Euro.

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    Re: Russian Nuclear Deals: News

    Post  Viktor on Wed Mar 12, 2014 2:45 pm

    Excellent  thumbsup 


    Russia and Iran agreed on the construction of two new nuclear reactors

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