US, Russia to collaborate on nuclear-powered data centers as part of a 'joint project' on small-scale power plants

Russia and the United States are exploring a joint venture involving small nuclear reactors for data centers, according to Kirill Dmitriev, an envoy of President Vladimir Putin. The discussion took place at the Russian Energy Week conference in Moscow, following a recent diesel supply agreement between the two nations. No specifics were provided about the project's location, financing, timeline, or participating companies.

However, additional initiatives are anticipated to be announced shortly. Despite ongoing sanctions imposed by the U.S., Dmitriev believes further economic cooperation is feasible. The U.S. sanctions have created significant challenges for Russia, making it difficult to navigate the current situation. Dmitriev noted that both governments are contemplating ways to alleviate these sanctions, a matter being actively addressed by the United States.

The diesel deal, which aims to deliver Russian fuel to American and global buyers at lower prices before November's midterm elections, necessitates the removal of certain penalties imposed by the U.S. on Russian crude. Russian officials have criticized Washington for making new agreements contingent on a peace deal for Ukraine, which remains unresolved.

Despite Ukrainian President Volodymyr Zelenskiy's opposition to the diesel deal, the U.S. remains committed to proceeding with the agreement. Russia's small nuclear reactors are already in operation, with the country planning to build 38 nuclear power units over the next two decades to enhance computing capacity for artificial intelligence.

As Russia's technology is ready, the crucial aspect is determining which specific projects the two nations will pursue.