Rosatom announces support for China in the development of nuclear energy, aiming to dethrone the USA as the world leader in this sector.

The Rosatom announcement comes after Vladimir Putin's visit to China, where he requested joint funding for infrastructure in the 'Global South' countries. Rosatom's director, Alexei Likhachev, stated that Russia is ready to help China become the largest producer of nuclear energy, already having four reactors built and another four under construction. Rosatom recently obtained an 'AAA' rating from the Chinese agency Dagong, which facilitates attracting external funding, including issuing bonds in Chinese yuan. This collaboration is essential for Russian companies affected by Western sanctions.