Russia might lose Czech nuclear deal over Ukraine

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A Russian company might lose a multibillion-dollar contract to build two nuclear reactors in the Czech Republic following Russia’s military intervention in Ukraine, two members of the Czech government said on Monday.

Defense Minister Martin Stropnicky said that under the current circumstances he can “hardly imagine” that Russia would be in charge of the project at the Temelin plant. Human Rights Minister Jiri Dienstbier backed his comments.

US-based Westinghouse Electric Co. and a consortium led by Russia’s Atomstroyexport are bidding to build the reactors.

The deal — estimated to be worth more than $10 billion — will bring the number of reactors at Temelin to four. The state has a majority stake in a company that owns the plant.

Prime Minister Bohuslav Sobotka was more cautious Monday, saying that his country does not plan to cancel all its business relations with Russia over the crisis in Ukraine.

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