The prospects of nuclear power development in the region

The current development of economic diplomacy in the world is determined by a combination of globalization and regionalization. In addition, it has an economic dimension. At the same time, the Baltic Sea region demonstrates large-scale politicisation of economic cooperation. The development of nuclear power in the eastern part of the Baltic Sea is indicative of the effectiveness of political and economic cooperation in the region. The author believes that Russia and the three Baltic States of Estonia, Latvia and Lithuania have the economic and technological opportunities for building up cooperation in the field of energy. This points to a question whether the traditional patterns of relations that developed among these countries in the past can be changed. A more pronounced international division of labour accompanied by the historically developed specialization of Russia makes nuclear power an important factor in Russia’s economic diplomacy. The promotion of Russian energy projects in the region contributes to the development of a system of mutually beneficial ties. The increasing energy deficiency in the region can serve an economic prerequisite to this process.