Business news from Ukraine

UKRAINIAN GOVT APPROVES SENDING UAH 40 MLN FOR FINISHING SPENT NUCLEAR FUEL STORAGE FACILITY TWO

22 April , 2016  

KYIV. April 22 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers at a meeting on Wednesday approved sending UAH 40 million to the fund for completion of construction of spent nuclear fuel storage facility two, an Interfax-Ukraine correspondent has reported.

Ukrainian Ecology and Natural Resources Minister Ostap Semerak said that EUR 105 million is required for the completion of spent nuclear fuel storage facility two, and the issue of collecting the funds will be discussed at the Donor Conference to take place in Kyiv on April 15, 2016.

The minister said that Ukraine will ask donors to send additional funds to the Nuclear Safety Account (NSA). Ukraine is also to contribute own funds to the project.

Semerak said that Ukraine’s total contribution to the completion of spent nuclear fuel storage facility two will be EUR 5 million. He urged the government to support sending of the rest of the sum – EUR 1.5 million or UAH 40 million.

The minister also said that on April 26 Ukraine seeks to sign an agreement on sending EUR 40 million by the European Bank for Reconstruction and Development (EBRD) to the NSA. The EBRD manages NSA.

The international conference to collect funds and send them to the Nuclear Safety Account (NSA) for the completion of the project to build a spent nuclear fuel storage facility two at Chornobyl nuclear power plant (NPP) is to take place in Kyiv on April 25 and April 26.

Ukraine and Japan will co-chair the assembly. More than 20 countries, including G7 states, the European Commission and the European Bank for Reconstruction and Development(EBRD), are invited to participate in the event.