Russia floats nuclear-powered data centers as part of new joint initiatives with the US

Kremlin investment envoy Kirill Dmitriev says a concrete project list exists, but sanctions and payment hurdles still stand in the way On October 16, 2026, Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) and President Vladimir Putin’s special envoy for investment, said Russia and the US could discuss joint data center projects running on power from Russian nuclear plants, including small-scale reactors. Nothing has been signed, but Dmitriev suggested bigger announcements are coming soon. Dmitriev made his remarks at Russian Energy Week (REW 2026), an energy forum held in Moscow. Dmitriev specifically mentioned small-scale reactors alongside conventional nuclear plants. According to Dmitriev, a concrete list of projects has already been put together, with several Russian companies involved.

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