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18 Mar, 16:20

Global South accounts for 80% of Rosatom's foreign revenue — Likhachev

The Rosatom CEO said that if Western countries want to develop cooperation, it will largely be up to them to show some initiative

MOSCOW, March 18. /TASS/. Countries of the Global South make up 80% of Rosatom's total foreign revenue, said Alexey Likhachev, CEO of the state corporation.

"Our results with the Global South are obvious. Today, 80% of Rosatom's foreign revenue comes from the Global South, and 86% of its portfolio of foreign orders. That is, the Global South’s share is constantly increasing," he told reporters.

Likhachev said Rosatom continues developing cooperation at a faster rate with countries of the Global South, while unfriendly countries are taking a back seat. "That is, the South is growing, gaining momentum, and Western countries are not abandoning cooperation. Of course, we are primarily focused on developing economies, on economies that are friendly to the Russian Federation today and have large growth potential," he said.

The Rosatom CEO said that if Western countries want to develop cooperation, it will largely be up to them to show some initiative.

"This will depend very much on Western countries. At this point, their figures are at 2020 - 2021 levels. In terms of our revenue, it is about $3.7 - 4 billion," he said.

Likhachev said that the potential return of US companies to the Russian market would not affect Rosatom's strategic plans in any way.

"We assume that they will return, but this does not affect our strategic plans. They may or may not come back, that's their business. Our task is certainly to fulfill the national goals set by the president, and, of course, to continue our leadership in the nuclear technology market," concluded the head of the Russian nuclear industry.