EU approves Hungary's Russian-backed nuclear plant

AFP , Monday 6 Mar 2017

EU anti-trust authorities on Monday approved a controversial nuclear expansion project in Hungary that is heavily backed by Russia.

The European Commission "has approved this support under EU state aid rules on the basis of commitments made by Hungary to limit distortions of competition," said a statement.

The approval removes the last roadblock to the 12.5 billion euro ($13.2 billion) expansion of Hungary's only nuclear facility, which Russia is financing by 80 percent as tensions between Europe and the Kremlin run high.

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