Business news from Ukraine

UKRAINE, AUSTRALIA WILL SIGN AGREEMENT ON URANIUM SUPPLY IN WASHINGTON

31 March , 2016  

KYIV. March 31 (Interfax-Ukraine) – Minister of Energy and Coal Industry of Ukraine Volodymyr Demchyshyn at the Nuclear Security Summit held in Washington from March 31 to April 2 will sign an agreement between the governments of Ukraine and Australia on cooperation in the field of nuclear energy use for peaceful purposes.

“In particular, the agreement concerns uranium supplies from Australia to Ukraine for the nuclear energy sector,” reads a report by the ministry.

According to him, the Ukrainian minister will also meet with U.S. Secretary of Energy Ernest Moniz.

The ministry said the Ukrainian delegation headed by President of Ukraine Petro Poroshenko will participate in the plenary session, entitled “National measures in the field of strengthening nuclear security.” The delegation will discuss measures to prevent nuclear incidents during other summit events.

Demchyshyn in October last year reported that Ukraine is in talks with Kazakhstan and Australia for purchase of uranium concentrate to diversify its supplies.

The annual needs of Ukrainian nuclear power plants for uranium concentrate are about 2,400 tonnes, while its internal production by state enterprise VostGOK in 2015 is planned in the amount of 1,200 tonnes.