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. Last Updated: 07/27/2016

Putin Man to Run Nuke Fuel Trader

TVEL, Russia's sole nuclear fuel trader, appointed a close aide to President Vladimir Putin as its new chairman, in a new sign of the Kremlin's growing control over the strategic sector.

The election of Sergei Prikhodko, an aide to Putin on foreign affairs, comes at a time when TVEL, which supplies fuel to one in six nuclear power plants in the world, is under the spotlight as it prepares to start fuel shipments to Iran once Moscow and Tehran finish an atomic plant there in 2005-06.

Earlier this year, Igor Sechin and Vladislav Surkov, also Putin's long-time confidants, were appointed to chair oil firm Rosneft and pipeline firm Transnefteprodukt, respectively.

Dmitry Medvedev, Putin's chief of staff, is chairman of gas monopoly Gazprom -- which also controls a company in charge of building the Bushehr atomic power plant in Iran.

(Reuters, MT)