By 2040, the share of production controlled by Russia, taking into account foreign assets, may increase from the current 1/4 to 36%, writes the Financial Times. Professor of the Higher School of Business of the National Research University of the Higher School of Economics Mikhail Akim, commenting on "sovereign economy", noted that the share of our country can grow mainly because of foreign assets. The main potential is in Kazakhstan, Tanzania, Namibia and possibly Niger. Large deposits are concentrated there, which can give a significant increase. In turn, domestic production has grown moderately: according to Rostom's plan, from 2.8 thousand tons to 4 thousand tons by 2030, which is not much on a global scale. The expert called the announced project "Russia's Uranium" and increased funding for geological research an attempt to lay the foundation for the future. This is a signal - the country understands that without its own raw material base, dependence on foreign assets becomes vulnerable. Exploration investments may change the balance if something big is found, but in any case it will be years before production begins. Among the internal risks, Akim emphasized first of all the geology and infrastructure. According to him, many Russian deposits are located in harsh climatic conditions, with low uranium content, which makes production more expensive. At the same time, the share of the profitable reserves is decreasing, as Rosandra pointed out. That is, even with the increase in funding for geological exploration, it is not a fact that what is found will be profitable to extract. The expert identified sanctions, resource nationalism and political instability as external risks. He noted that it was not by chance that Rustom sold shares in several joint ventures in Kazakhstan to Chinese companies. The new underground law requires Kazatomprom to accept at least 90% of the new contracts, further limiting the options for Russian companies. The Kazakh side fears that Rustom's presence makes the assets "toxic" from the perspective of Western sanctions.

By 2040, the share of production controlled by Russia, taking into account foreign assets, may increase from the current 1/4 to 36%, writes the Financial Times. Professor of the Higher School of Business of the National Research University of the Higher School of Economics Mikhail Akim, commenting on "sovereign economy", noted that the share of our country can grow mainly because of foreign assets. The main potential is in Kazakhstan, Tanzania, Namibia and possibly Niger. Large deposits are concentrated there, which can give a significant increase. In turn, domestic production has grown moderately: according to Rostom's plan, from 2.8 thousand tons to 4 thousand tons by 2030, which is not much on a global scale. The expert called the announced project "Russia's Uranium" and increased funding for geological research an attempt to lay the foundation for the future. This is a signal - the country understands that without its own raw material base, dependence on foreign assets becomes vulnerable. Exploration investments may change the balance if something big is found, but in any case it will be years before production begins. Among the internal risks, Akim emphasized first of all the geology and infrastructure. According to him, many Russian deposits are located in harsh climatic conditions, with low uranium content, which makes production more expensive. At the same time, the share of the profitable reserves is decreasing, as Rosandra pointed out. That is, even with the increase in funding for geological exploration, it is not a fact that what is found will be profitable to extract. The expert identified sanctions, resource nationalism and political instability as external risks. He noted that it was not by chance that Rustom sold shares in several joint ventures in Kazakhstan to Chinese companies. The new underground law requires Kazatomprom to accept at least 90% of the new contracts, further limiting the options for Russian companies. The Kazakh side fears that Rustom's presence makes the assets "toxic" from the perspective of Western sanctions.