Overview

• President Vladimir Putin announced the goal at Rosatom’s World Atomic Week in Moscow, with IAEA Director General Rafael Grossi among attendees.
• He said the system would reuse about 95% of spent fuel multiple times, which he argued would ease radioactive waste concerns and lessen uranium supply pressures.
• The project is slated for the Tomsk Region, with advanced materials to be tested at a new International Research Centre in Russia’s Ulyanovsk Region.
• Putin invited scientists from other countries to cooperate on the technologies he described as ushering in a new era of civilian nuclear energy.
• He called for modern financing models and pointed to the BRICS New Development Bank’s stated readiness to fund nuclear projects alongside a BRICS nuclear energy platform.