The US is paving the way for its nuclear technology and fuel export to Armenia, creating opportunities for an American company to potentially replace an aging nuclear plant, thus diminishing Russia's influence in the region.
According to the article, the agreement establishes a legal framework for the export of US nuclear technologies and fuel to Armenia. This initiative aims to facilitate American companies competing for contracts to build a new nuclear power plant, which would replace the Soviet-era Mejamor nuclear facility. The existing plant, which currently generates about 40% of Armenia's electricity, is scheduled to be shut down by 2036, making the development of a new facility crucial for the country's energy future.
Yerevan is currently evaluating proposals from US, Russian, Chinese, French, and South Korean companies for the construction of a new reactor to replace its sole aging nuclear power station. While no decision has been made yet, the meeting on Monday opens the door for the selection of the US project. This development could deal a significant blow to Russia, which has traditionally viewed the South Caucasus as its sphere of influence, and whose influence has waned since its invasion of Ukraine.
Russian Foreign Minister Sergei Lavrov's deputy, Mikhail Galuzin, responded to the US offer, signaling Russia's persistent interest in maintaining its foothold in Armenia and the wider region. The geopolitical implications of this possibility highlight the ongoing power struggle in the South Caucasus, suggesting that Armenia's future energy independence may disrupt the historical ties it has had with Russia, indicating a noteworthy shift in the regional balance of power.
