Hungary considers the Rosatom-led Paks-2 power plant to be critical to its energy security
The EU’s top court has struck down a European Commission decision that cleared Hungary to fund the expansion of a crucial Russia-led nuclear power project.
Paks-2, launched in 2014 under a bilateral deal, involves two reactors to be built by Russia’s Rosatom, backed by a €10 billion ($12 billion) loan from Moscow to cover most of the €12.5 billion cost. After years of regulatory review, Brussels in 2017 approved Hungary’s financing plan for the project, a move Austria contested as a breach of EU law.
On Thursday, the Court of Justice in Luxembourg…
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