Business news from Ukraine

Business news from Ukraine

IAEA reports ceasefire for repairs to power lines near Zaporizhzhia NPP

Important repair work has begun on power lines near the Russian-occupied Zaporizhzhia NPP following another local ceasefire brokered by the IAEA, the agency said in a post on social media on Sunday.

“Grossi thanks both sides for agreeing to this new temporary ‘window of silence’ to restore power transmission between the ZNPP and Zaporizhzhia Thermal Power Plant distribution stations, which will help strengthen nuclear safety,” the agency wrote.
It is noted that the IAEA team is monitoring the repair work, which is expected to take several days.

Since the start of the Russian occupation on March 4, 2022, the ZNPP has repeatedly experienced complete and partial blackouts due to the loss of all power lines (it receives electricity from the Ukrainian power grid), with the launch of emergency diesel generators and safety systems, the failure of which could lead to an emergency situation.

According to the IAEA, before the war, the ZNPP had 10 power lines — six at 750 kV and four at 330 kV. The largest nuclear power plant in Europe, which has six 1 GW units, has not been producing electricity since September 11, 2022, following the occupation.

The issue of the ZNPP is one of the problematic ones in the negotiations on the possibility of a peace agreement between Ukraine and Russia, mediated by the US. According to Ukrainian President Volodymyr Zelenskyy, Washington is proposing that the plant in the currently occupied city of Enerhodar in the Zaporizhzhia region be jointly managed by the US, Ukraine, and Russia in a 33%:33%:33% split, while Ukraine is proposing that the plant be operated by a joint venture consisting of 50:50%

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Italy submits proposal to UN for truce in Ukraine and Gaza Strip during Olympics

Italian Deputy Prime Minister and Foreign Minister Antonio Tajani said that Italy intends to submit a proposal to the United Nations for a general ceasefire during the 2026 Winter Olympics in Milan and Cortina d’Ampezzo.

According to ANSA, the initiative will cover all armed conflicts, including the war in Ukraine and hostilities in the Middle East.

“We support the US plan (for Gaza) and, as Pope Leo said, we must never lose hope for peace. Rome and Italy are becoming increasingly important crossroads of peace, development, and growth. In view of the Olympic Games in Milan and Cortina d’Ampezzo, we are submitting a proposal to the UN for an Olympic truce for all wars, including Ukraine and the Middle East,” said the Italian Foreign Minister.

The XXV Winter Olympic Games will be held in Italy from February 6 to 22, 2026.

These are the first Olympic Games to be hosted by two cities at the same time — Milan and Cortina d’Ampezzo.

According to Olympic tradition, host countries often appeal to the UN with an “Olympic Truce” initiative, calling on world powers to cease military action during the Games in the spirit of international unity and peace.

Italy expects its proposal to be considered by the UN General Assembly in the near future.

 

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