Russia’s State-Owned Nuclear Company, Rosatom, Acquires Stake in Lithium-Ion Battery Company

On March 5, Renera LLC, the energy storage division of Rosatom’s TVEL Fuel Company, finalized a 49% equity acquisition of the South Korean-based technology company, Enertech International, Inc., which manufactures components for lithium-ion batteries. The acquisition arrives in the context of increased supply chain competition for what has become a critical component of a wide variety of emerging industries spanning electric vehicles, ...

Russia-China to Cooperate on Lunar Space Station

On February 11, the Kremlin formally authorized the Russian space agency, Roscosmos, to sign a memorandum of understanding with the Chinese government to cooperate on the development of an international lunar space station. The authorization arrived days after it was reported that talks had commenced on the basis of “mutual interest” in the lunar base. The China National Space Administration is planning to build a research station on the ...

Russian State Fund Seeks to Acquire Mobile Division of LG Electronics

On February 16, the Korea Times reported that Russia’s sovereign wealth fund, the Russian Direct Investment Fund (RDIF), had expressed an interest in acquiring the mobile division of South Korea’s multinational electronics company, LG Electronics. RDIF’s acquisition of the unit could offer Russia a long-sought-after pathway to producing its own smartphone for the domestic market. Although an indigenous product has not yet found commercial ...