Finnish group Fennovoima says it has canceled a contract on cooperating with Russian state-owned nuclear power giant Rosatom to supply a nuclear power plant, saying Moscow's war in Ukraine has "worsened" risks for the project.
Fennovoima said in a statement on May 2 that the planned Hanhikivi plant has encountered significant delays in recent years and that because of the situation in Ukraine, "cooperation with [Rosatom] is terminated with immediate effect and both the design and licensing work and works at the Hanhikivi 1 site with [Rosatom] end."
"The decision to terminate the...contract with [Rosatom] is not made lightly," the statement said. "There have been significant and growing delays during the last years. The war in Ukraine has worsened the risks for the project. [Rosatom] has been unable to mitigate any of the risks."
The plant's future was put into jeopardy after Russia launched its unprovoked attack on Ukraine on February 24.
The final construction permit for the project was set to be granted by the end of this year.