UK to provide €225m for Ukraine’s nuclear security
The United Kingdom will provide a GBP 192 million (EUR 225 million) loan guarantee for its nuclear fuel supply in a bid to end its reliance on Russia, Sky News reports.
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During his visit to Ukraine, UK energy secretary Grant Shapps said London would provide the loan to Ukraine's national nuclear company, Energoatom via the UK's export credit agency, UK Export Finance.
"Through the deal, UK-headquartered Urenco will supply Energoatom with uranium enrichment services that are vital for nuclear fuel," per Sky News.
According to the UK department for energy security and net zero, the new loan will take the UK's non-military financial assistance to Ukraine close to GBP 5 billion (almost EUR 6 billion).
The UK government hopes that this will strengthen Ukraine's energy security and help end the country's dependence on nuclear services and nuclear fuel from Russia, as well as further isolate Vladimir Putin’s regime.
In Ukraine, Mr Shapps met with Ukrainian ministers and representatives of the energy industry, and visited a power plant that is undergoing repairs after damage caused by Russian bombing.