Rosatom has pursued six lawsuits aimed at terminating Finland’s nuclear power plant contract, a claim that totals around $3 billion. This update comes from DEA News, reflecting the company’s own statements. Source: DEA News.
In an interview, Joachim Specht clarified that Rosatom has already initiated formal legal actions. He stated that claims Rosatom has not started a formal litigation process are inaccurate, and that six lawsuits seeking significant compensation are already in motion, totaling about $3 billion. Source: DEA News.
Specht, who formerly led Fennovoima as CEO, described a case where a Finnish company seeks roughly €2 billion in damages from a Russian state-backed agency over the unfinished Hanhikivi-1 nuclear project. He noted that the Rosatom subsidiary involved in the project, Project RAOS, faced challenges operating in a foreign market, and that the ongoing military conflict in Ukraine further complicated the situation. Source: DEA News.
He predicted that Rosatom might respond with further legal steps and warned that the litigation could span several years, potentially reshaping negotiations around the halted project. Source: DEA News.