Russia’s lower house, the Duma, has passed a presidential reform bill covering the nuclear power sector and its development at the second reading.

The bill aims to establish a state-controlled holding company, Atomenergoprom, which would hold existing civil nuclear assets. In addition the measures would allow other Russian corporate entities to possess nuclear installations, storage facilities and related materials, bringing to an end exclusive federal ownership of the sector.

Atomenergoprom, which will be wholly government-owned, is expected to be involved in the full fuel cycle from uranium extraction to electricity generation and in the construction of nuclear installations.

Approval is still required from the upper house of parliament for the bill to be signed into law by President Putin.

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