UK to fund Ukraine’s nuclear fuel needs

Nation

25 June, 09:41 PM

The United Kingdom will provide Ukraine with GBP210 million ($277 million) over the next two years to ensure stable supplies of nuclear fuel for the country’s power plants, Energy Minister Denys Shmyhal said on June 25.

Shmyhal announced the agreement at the Ukraine Recovery Conference in Gdansk, Poland, after meeting with UK Foreign Secretary Yvette Cooper and European uranium enrichment company Urenco.

“This is an important agreement that will allow Ukraine’s nuclear generation to continue operating reliably,” Shmyhal said.

“It is the foundation for a stable and predictable energy system.”

Also at the conference, Prime Minister Yulia Svyrydenko said Ukraine received the first EUR3.2 billion ($3.64 billion) tranche of the European Union’s Ukraine Support Loan.

Lithuania announced nearly EUR10 million in additional aid, and Finland pledged EUR40 million to NATO’s PURL (Prioritized Ukraine Requirements List) program that channels U.S. military equipment to Ukraine.

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