Russia defers Rooppur loan repayment to 2028
All necessary efforts are being made to ensure systematic progress toward commissioning of the facility, says the Russian envoy
Russian Ambassador to Bangladesh Alexander Khozin today (22 December) said Moscow has deferred the commencement of the main debt repayment for the Rooppur Nuclear Power Plant (NPP) project by 1.5 years, with the first installment now scheduled for 15 September 2028.
The ambassador disclosed the information at a press conference titled "Political Outcomes of 2025" held at the Embassy of the Russian Federation in Dhaka, where he and senior diplomats briefed the media on key developments in bilateral relations, trade, energy cooperation, and people-to-people exchanges.
He said the revised repayment schedule was agreed upon in July this year following amendments to the Intergovernmental Credit Agreement (IGCA). The amended protocol, approved by the Ministries of Finance of both Russia and Bangladesh, formally deferred the start of the main debt repayment by 18 months.
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"The extension of the IGCA, along with the renewal of the Letter of Credit, ensures continuity of financial operations for the Rooppur Nuclear Power Plant project," the Ambassador said, adding that it reflects Russia's continued commitment to Bangladesh's flagship energy initiative.
Briefing on the progress of the Rooppur NPP, Ambassador Khozin said work is currently focused on commissioning Unit-1 of the plant, which is at the final stage of readiness. Final construction and installation works, start-up and adjustment activities, as well as mandatory inspections and regulatory procedures, are being carried out simultaneously, he noted.
"All necessary efforts are being made to ensure systematic progress toward commissioning of the facility," the envoy continued.
Alexander Khozin stressed that the successful and timely completion of the project is the result of coordinated work between the Russian side and the Bangladeshi customer and supervising authorities. He expressed optimism that electricity generation would begin soon.
"As early as next year, we plan to start supplying the first megawatts of electricity to the national grid of Bangladesh," he said, describing it as a major milestone that would confirm the project's readiness for full-scale operation.
Regarding allegations of mismanagement of Rooppur project funds during the previous government, the Ambassador said Russia does not comment on Bangladesh's domestic political processes. However, he noted that transparency has been ensured throughout the project through proper documentation, certification, and verification of milestone achievements, including equipment manufacturing and supply.
On broader bilateral relations, Ambassador Khozin said Bangladesh remains Russia's second-largest trade partner in South Asia. Despite global challenges, bilateral trade turnover has exceeded US$2 billion annually for the past three years, with Russia exporting machinery, wheat, fertilisers, and other agricultural products, while importing ready-made garments and textile goods from Bangladesh.
Russia has played a consistent role in strengthening Bangladesh's food security, with around two million tonnes of Russian wheat exported to Bangladesh in 2025, he said. Supplies of fertilizers, including potash, as well as mustard seeds, have also increased significantly, while exports of Russian veterinary vaccines rose by 25 percent this year.
Energy cooperation continues to form the backbone of economic ties between the two countries, the Ambassador said, highlighting Russia's involvement not only in nuclear energy but also in gas exploration, LNG supply discussions, and renewable energy prospects. Russian companies, he added, are ready to invest in solar and other renewable energy projects in Bangladesh.
He also pointed to expanding cooperation in labor migration, noting a sharp rise in the number of work permits issued to Bangladeshi workers in Russia in recent years. Education remains another traditional pillar of bilateral cooperation, with growing interest among Bangladeshi students in pursuing higher education in Russia, the Russian envoy added.
