Budapest, July 1 -- New units at Hungary's Paks II nuclear power plant may be ready by the mid-2030s, and the facility could then cover 70% of the country's electricity needs, Hungarian Foreign Minister Peter Szijjarto said following the US decision to lift sanctions related to the project.
On Sunday, Szijjarto said that Washington had lifted sanctions on investments into the Paks 2 NPP, enabling construction to resume.
Russian state nuclear corporation Rosatom told Sputnik that the exemption from US financial sanctions of a number of Russian banks and insurance companies related to nuclear energy will allow the company to more intensively implement this project together with its Hungarian partners.
"Therefore, investments in Paks...