Russian company provides additional revenues through subsidiary in Netherlands
Rosatom provides additional revenues through subsidiary in Netherlands (photo: Getty Images)
Russian corporation Rosatom, through its subsidiary in the Netherlands, regularly provides additional revenue to the Russian budget, in particular during the war in Ukraine, reports NOS.
According to the annual report of Rosatom's subsidiary in the Netherlands, Uranium One, the profits from the company's activities go to the Russian budget and amount to hundreds of millions of euros.
Thus, Russia benefits from Europe's dependence on the Russian uranium sector, including during Russia's war of aggression in Ukraine. Because of this dependence, Western governments have been hesitant to impose sanctions on Rosatom.
The publication clarified that through Uranium One, Rosatom is engaged in the extraction of raw materials in Kazakhstan and Tanzania. From there, the revenue goes to the Netherlands and then to the Russian budget.
In 2022, the Dutch company made a profit of 220 million euros. Tens of millions were transferred to the parent company in Russia. Uranium trading and other activities also provide a significant share of profits.
NOS also writes that in 2022, Rosatom paid taxes to the Russian budget in the amount of 3.1 billion euros.
What is known about Rosatom
Rosatom is a Russian state-owned holding company that unites more than 400 nuclear enterprises.
It includes all civilian nuclear companies of the Russian Federation, enterprises of the nuclear weapons complex, research organizations, and the nuclear icebreaker fleet. In addition, Rosatom operates nuclear power plants in Russia, including the occupied Zaporizhzhia NPP.
Earlier, Ukrainian Energy Minister Herman Halushchenko stated that sanctions against Rosatom would have a significant impact on Russia.
