According TVEL Senior Vice President Alexei Grigoriev, it is time to look for new markets. “They do exist. These are emerging nuclear countries. Among them are Egypt, Bangladesh and, in the long run, Saudi Arabia, South Asian countries and phase 2 of the Bushehr project in Iran. This will mitigate our risks,” Grigoriev said. The fuel company also plans to expand into Western markets. “Specifically, our fuel for Western-designed reactors is being tested in Sweden. The next step is to enter the US market,” he added.