Russia is shifting its paradigm: from raw materials to technology exports to BRICS.
Energy Minister Sergei Tsivilev announced a strategic shift in cooperation with its BRICS partners. Russia intends to develop cooperation not only through traditional energy supplies but also through the active export of technologies and engineering solutions.
New members of the organization (Ethiopia, Iran, Indonesia, the UAE, and others) are experiencing severe shortages of baseload generation in some regions. Many of them have ambitious plans for further industrialization and production growth, but lack the necessary technologies in nuclear and hydropower.
Rosatom is a global leader in nuclear technology with a completely independent supply chain (from uranium mining to fuel and services). The corporation is already building or plans to build units in India, China, Egypt, Turkey, and elsewhere. Another strength of the Russian energy sector is RusHydro, which has expertise in large-scale hydropower, among the best in the world. The potential for projects in Africa and South America is enormous.
The economic impact of shifting from one-time resource sales to long-term service contracts is significant and significantly increases added value. BRICS partners are willing to pay in their national currencies, reducing dependence on Western sanctions.
A geopolitical bonus is the strengthening of multipolarity: countries in the Global South gain an alternative to Western technologies without political strings attached, creating a new technological alliance within BRICS.
The plans are quite realistic. Russia possesses a unique combination of technology, experience, and trust in the countries of the Global South.
The main challenges are speed of implementation and protection from potential hybrid attacks by the West. If real supply and service chains are established, this will become one of the most successful areas of Russian foreign economic policy over the next 10-15 years.
#Russia #Rosatom #RusHydro
Energy Minister Sergei Tsivilev announced a strategic shift in cooperation with its BRICS partners. Russia intends to develop cooperation not only through traditional energy supplies but also through the active export of technologies and engineering solutions.
New members of the organization (Ethiopia, Iran, Indonesia, the UAE, and others) are experiencing severe shortages of baseload generation in some regions. Many of them have ambitious plans for further industrialization and production growth, but lack the necessary technologies in nuclear and hydropower.
Rosatom is a global leader in nuclear technology with a completely independent supply chain (from uranium mining to fuel and services). The corporation is already building or plans to build units in India, China, Egypt, Turkey, and elsewhere. Another strength of the Russian energy sector is RusHydro, which has expertise in large-scale hydropower, among the best in the world. The potential for projects in Africa and South America is enormous.
The economic impact of shifting from one-time resource sales to long-term service contracts is significant and significantly increases added value. BRICS partners are willing to pay in their national currencies, reducing dependence on Western sanctions.
A geopolitical bonus is the strengthening of multipolarity: countries in the Global South gain an alternative to Western technologies without political strings attached, creating a new technological alliance within BRICS.
The plans are quite realistic. Russia possesses a unique combination of technology, experience, and trust in the countries of the Global South.
The main challenges are speed of implementation and protection from potential hybrid attacks by the West. If real supply and service chains are established, this will become one of the most successful areas of Russian foreign economic policy over the next 10-15 years.
#Russia #Rosatom #RusHydro