Rosatom Says it Wins Tribunal Ruling in Finnish Nuclear Plant Dispute

By Reuters Oct. 10, 2026 The Fennovoima construction site in 2021. Fennovoima/CC BY-NC-ND 2.0 Russia's state nuclear corporation Rosatom said on Saturday that an International Chamber of Commerce (ICC) tribunal had ruled in its favour in a long-running dispute with Finnish utility Fennovoima over the cancelled Hanhikivi-1 nuclear power project. Rosatom said the tribunal found that Fennovoima had unlawfully terminated the contract for the construction of the planned plant in northern Finland in 2022. The parties have been locked in legal disputes since Fennovoima scrapped the 7 billion euro ($7.8 billion) project in May 2022, citing significant delays and political risks shortly after Russia launched its conflict in Ukraine. Rosatom said the tribunal found that the project was making good progress when it was terminated. "Today's victory is important, but not final. We will continue to prove that we are right regarding the Finnish project in courts of various instances," Rosatom Director General Alexey Likhachev said in a statement. Fennovoima did not immediately respond to a request for comment. The contract to build the 1.2 gigawatt plant was signed in 2013 with Fennovoima, a consortium in which Finnish stakeholders including Fortum, Outokumpu and SSAB originally controlled two thirds through a joint venture, and the Russian side held one third. After the project's termination, Fennovoima wound down its operations and is primarily engaged in legal proceedings. Read more about: Rosatom , Finland Sign up for our free weekly newsletter Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview Subscribers agree to the Privacy Policy We sent a confirmation to your email. Please confirm your subscription. A Message from The Moscow Times: Dear readers, We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent." These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia. We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help. Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact. By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us. Once Monthly Annual Continue Not ready to support today? Remind me later. × Remind me next month Remind me Thank you! Your reminder is set. We will send you one reminder email a month from now. For details on the personal data we collect and how it is used, please see our Privacy Policy. Read more Tanker Suspected of Damaging Baltic Cables Allowed to Leave Finland Three of the ship’s crew members remain barred from leaving Finland, as police continue investigating the suspected sabotage incident. 1 Min read Europe Should ‘Maximize Pressure’ on U.S. Over Peace Talks With Russia – Stubb The Finnish President said that dialogue between Europe, Ukraine as the U.S. is more open than many believe, but "all over the place." 2 Min read Finland Braces for Potential Oil Spill After Tanker Explosion in Northwestern Russia Finland’s Gulf Coast Guard said it sent an inquiry to authorities in Russia but had not received a response as of Sunday afternoon. 1 Min read The Finnish City Where Lenin Met Stalin Still Lives in Russia's Shadow A museum in Finland once depicted Lenin as an epic hero. 100 years after the Bolshevik leader's revolution, curators are taking a second look