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The record-setting nuclear deal inked between China and Russia earlier this month is the latest blow to America’s declining influence in commercial nuclear power across the globe.
The deal envisions the construction of four third-generation (Gen 3+) VVER-1200 reactors designed by Russia’s Rosatom Corp., along with the supply of generator parts for China’s ambitious lunar program and the joint development of an advanced CFR600 “fast breeder” reactor. In total, the contract could reach over 100 billion yuan ($15 billion) in construction costs, making it the largest bilateral nuclear deal ever signed between the two countries. The value of the initial set of contracts is estimated to be between $3 and $5 billion.