Russia's Rosatom sues Finnish firms $2.8 bln over nuclear plant contract

Russia's Rosatom has filed a lawsuit in Moscow against Finnish energy holding Fortum and steel producer Outokumpu, demanding 227.8 billion roubles ($2.8 billion) in compensation for losses over the termination of a contract for the Hanhikivi-1 nuclear power plant in Finland, court documents and Rosatom's statement show.

Rosatom is seeking compensation for losses caused "by the unlawful termination of the EPC contract" for the construction of the nuclear power plant, "violations of the shareholder agreement, the fuel supply contract, and the refusal to repay the loan", company said on Monday.

Subscription to news