Russian Ambassador to Bangladesh Alexander Khozin has said they remain committed to partnering with Dhaka in realising its vision of a prosperous nation by contributing to the country's food and energy security, as well as cooperating internationally on a range of essential issues. "Mutual affinity, respect and understanding define our multifaceted ties for the benefit of peoples of Russia and Bangladesh," he said in a message. The Ambassador said Bangladesh-Russia relations have a solid basis which goes back to the early 1970's. Warmly congratulating the friendly Bangladeshi people on Independence Day, the Russian Ambassador said the chequered history of Bangladesh is full of amasing acts of resilience and patriotism of the Bangladeshi people. "Over more than half a century, your country has gone through fundamental political, economic and social changes," he said. Putin eyes Dhaka-Moscow productive ties to strengthen regional security, stability Today, Ambassador Khozin said, Bangladesh has become a role model in the Global South in combating poverty reduction and climate change, promoting education and women’s empowerment, contributing to regional connectivity and respectful dialogue in the global arena.

Russian President Vladimir Putin has said Bangladesh-Russia relations are based on well-established traditions of friendship and mutual respect. "I am confident that they will continue to develop in a productive manner for the benefits of our peoples, and in the interests of strengthening regional security and stability," he said in a message to President Mohammed Shahabuddin. President Putin wished his Bangladesh counterpart sound health and success, as well as peace and prosperity to all citizens of Bangladesh, according to the Russian Embassy in Dhaka. Meanwhile, Russian Prime Minister Mikhail Mishustin said Bangladesh-Russis relations have been developing in the spirit of friendship and mutual respect. In a message to Chief Adviser Prof Muhammad Yunus, the Russian Prime Minister said cooperation in the areas of trade and economic, scientific and technical, cultural and humanitarian has been deepening steadily and ambitious joint projects are progressing. CA Dr Yunus reaches Hainan Province to attend Boao Forum for Asia "I am confident that active work along the government lines will be conducive to strengthening the entire gamut of practical interactions," he said, adding that this fully meets the interests of the Russian Federation and the People's Republic of Bangladesh. On behalf of the government of the Russian Federation and on his own behalf, Prime Minister Mishustin extended congratulations on the occasion of National Day and Independence Day of Bangladesh. He wished Dr Yunus sound health, well-being and success in his responsible position, as well as happiness and prosperity to the people of Bangladesh.

As the Rooppur Nuclear Power Plant nears its expected commercial launch in early 2026, concerns are growing among energy experts over its financial viability, with many questioning whether the high project cost could turn it into a white elephant. The government conceived the idea of setting up the RNPP project in 2009 and signed a Memorandum of Understanding with the Russian Federation on May 13, 2009, on the 'Peaceful Uses of Nuclear Energy'. Bumper tomato yields bring no joy to Sunamganj farmers On January 15, 2013, an agreement regarding State Export Credit of US$ 500 million was signed for carrying out preparatory phase construction works of the Rooppur Nuclear Power Plant. According to official data, the construction of Rooppur NPP will cost $12.65 billion as per the contract signed with Russian state nuclear agency Rosatom by the Bangladesh government. Of this, Russia will finance the project through a state credit of $11.385 billion, covering 90 percent of the total cost of $12.65 billion. During the agreement, it was agreed by both Dhaka and Moscow that Russia will provide the loan at an interest rate of six months Libor plus 1.75 percent per annum, but it will never exceed 4 percent. Bangladesh will pay off the loan within 28 years with a 10-year grace period. When the nuclear contract was signed on July 26, 2016, the dollar price was below Tk 84, and the total cost was calculated at Tk 101,200 crore. But now, the dollar price has gone up beyond Tk 121, and the cost is now being calculated at Tk 153,635 crore, which means the project cost has increased by over 50 percent in local currency. Soon after signing the deal, Rosatom issued a statement saying that it will build the 2400 MW power plant, of which the first unit (having 1200 MW) will go into operation in 2022, while the second one (having the same capacity) in 2023. However, the first unit is yet to start commercial operation, while the second unit’s operation is unlikely to begin before 2027. The Bangladesh Atomic Energy Commission (BAEC), which has been implementing the project, still does not know about the possible tariff of the electricity to be generated from the project. Even the Bangladesh Power Development Board (BPDB), which will purchase electricity from the project, has no idea about the possible tariff of the electricity from Rooppur NPP. Rooppur NPP Project Director Dr. Md. Zahedul Hassan admitted the matter and said that his organization has been preparing the tariff paper to begin negotiations with the BPDB. “Almost two years ago, the RNPP authority organized a joint workshop for the BPDB officials to provide an idea about the possible tariff rate. But when they were asked about the project's total cost, including dismantling, they failed to share any information,” he explained. A senior official from the BPDB, however, stated that they have made a preliminary calculation based on data derived from discussions with BAEC and newspaper reports, and the tariff for each unit of electricity from the RNPP will be no less than Tk 10. Pilgrims, agencies struggle as Saudi Arabia almost freezes visa issuance for Umrah From the very beginning, confusion has surrounded its eventual levelized tariff or the possible generation cost of each unit of electricity, said the official. Levelized Tariff is a means to recover the entire cost of a project during the project's lifecycle. At the initial stage of the RNPP project, its officials had said the tariff would be around $0.04, or 4 cents, per kilowatt-hour - about Tk 3.50 when the US dollar rate was below Tk 80. Russian experts, in their papers sent to the RNPP officials, mentioned an even lower tariff, about $0.0319 or 3.2 cents. In 2022, the project director of RNPP and managing director of the newly formed Nuclear Power Company of Bangladesh Limited (NPCBL), speaking to UNB earlier, had also given an idea that the tariff will be within $0.04. He said RNPP's calculation was based on 50 years of stable fuel price, 50 years of operational tenure, and the capital investment cost. The main factor that keeps the tariff low was the low discount rate of the project. He also said the calculation of the plant factor at 93 percent has been another reason for the lower tariff. But local power tariff experts differ with this calculation and said the tariff will be much higher than this estimation. According to some local experts' calculations, the power tariff of the RNPP project will cross $0.08 - 0.10 (8-10 US Cents). One of the country's eminent power tariff experts, Mizanur Rahman, former Member of the Bangladesh Energy Regulatory Commission (BERC), said the electricity tariff from the nuclear power project will be more than $0.085 (8.5 Cents). Mizan, also former chief engineer of BPDB, believes the tariff will be just more than double of the RNPP's calculation. Referring to his own calculation based on the total cost of the project at $13.2 billion ($12.65 billion construction cost and $500 million feasibility study cost) plus 50 years of operation with 50 years of fuel price and the cost of decommissioning and spent fuel repatriation, he said the tariff will be about $0.085, or between Tk 9-10 per unit if the US dollar rate is calculated at Tk 109. “But if the dollar rate increases further, the tariff will be over Tk 10 per unit,” he said, adding that during the loan repayment period, the power production cost will be US 12-13 Cents, and then it will come down to 5-6 Cents. He said repatriation of spent nuclear fuel - as the ones at Rooppur - will be back to the Russian Federation until Bangladesh gains some expertise in dealing with nuclear waste, and the decommissioning of nuclear power is a very costly process. “As the dollar rate crosses Tk 121, the electricity tariff of nuclear power will definitely cross Tk 10 per unit,” said Mizanur Rahman. While calculating the tariff, BPDB officials said Bangladesh will start the repayment of the loan from March 2027 and complete the repayment in the next 20 years by paying $1.360 billion per annum through 40 installments. Tracking system to alert NBR of inefficiencies, irregularities among staff “On average, about $680 million will be paid, including principal and interest,” he added.

Bangladesh and Russia have discussed prospects for cooperation in the area of energy, including renewable energy, amid the current global economic environment. Russian Ambassador to Bangladesh Alexander Mantytskiy recently met with Adviser to the Prime Minister Energy Adviser Tawfiq-e-Elahi Chowdhury. They showed interest in continuing joint work on the projects aimed at developing the national nuclear power sector and enhancing the potential of Bangladesh's gas industry, the Russian Embassy in Dhaka said Thursday. The "high level of cooperation" between Bangladesh and Russia's State Atomic Energy Corporation (Rosatom) as well as Gazprom EP International BV was also highlighted at the meeting. Read: Can’t import 400 MMCFD gas as per businessmen’s demand: Energy Advisor