The European Commission ideally would like the European nuclear sector to be free of Russian imports by the 2030s, EU officials have said, Report informs referring to Financial Times.
But in a document published on Friday, it warned that €241 billion of investment was needed to build out the domestic nuclear supply chain.
EU ministers will discuss nuclear investments at a meeting on June 16.
More troubling is the conversion of mined uranium into a more easily handled gas, a relatively low-margin and dirty business that EU countries have been happy to outsource.
The challenge would be building up an EU conversion industry that could compete with Rosatom’s vastly lower prices, EU officials said.
Investments into conversion capacities were “lagging”, Friday’s document said.