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Turkey Makes Another $9 Billion Bet on Russian Nuclear Power

Summary by Oil Price
Turkey just took another very large, very deliberate step deeper into Russia’s energy orbit — and this time it comes with a $9 billion price tag. Ankara says that Russia has provided $9 billion in new financing for the Akkuyu nuclear power plant, Turkey’s first-ever nuclear facility, which is being built by Russia’s state-owned Rosatom on the Mediterranean coast. According to Energy Minister Alparslan Bayraktar, the bulk of that money will be de…

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Turkey says Russia gave it $9 bln in new financing for Akkuyu nuclear plant

·Saudi Arabia
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Lean Left

The Turkish Minister of Energy stated that Russia has offered new funding, worth $9 billion, for Akkuyu nuclear power plant, built by the Russian state company Rosatom, adding that Ankara is...

·Romania
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The nuclear power plant was expected to be operational this year, but its commissioning has been delayed

·Kyiv, Ukraine
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Russia, in the form of Rosat, took part in the construction of the first Atku nuclear power plant in Turkey, but the launch of the station was postponed for the years 2026-2027. Alparslan Bairactar, Minister of Energy of Turkey, reports Reuters. It is noted that Rosatom is building the first nuclear power plant in Turkey in Akka, Mersin Province on the Mediterranean Sea, in accordance with the 2010 agreement, it was planned that the station woul…

·Kyiv, Ukraine
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Turkey's first nuclear power plant will start functioning in 2026. Turkish energy minister Alparslan Bayraktar said on Friday that Russia has offered new funding, at the cost of nine billion dollars, to the Akkuyu nuclear power plant.

·Romania
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Oil Price broke the news in London, United Kingdom on Friday, December 26, 2025.
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