The funds will go to the expansion of the Paks Nuclear Power Plant, which currently provides about half of Hungary’s electricity The Russian government has approved a state loan to finance the construction of two nuclear reactors for Hungary’s Paks Nuclear Power Plant, known as the Paks-2 project, according to a decree published on the government’s official portal for legal information on Saturday. Under the decree, Moscow has pledged to allocate up to €10 billion ($10.2 billion) for the project, which is scheduled to launch in mid-2024. The loan is expected to finance the majority of the project, which in total i
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