Ukraine, UK pursue cooperation in nuclear industry

This was reported by the Ministry of Energy, Ukrinform saw.

It is noted that the loan is provided for a five-year term under the guarantee of the UK Government (through the UKEF export credit agency). The purpose of the loan is to ensure the fulfillment of the contract between NAEC Energoatom and the British company Urenco on the purchase of nuclear fuel.

"Cooperation with the UK in the nuclear field is of strategic importance for our country. Ukraine has fully renounced any contacts with the terrorist state Russia in the nuclear field, including for the supply of enriched uranium. Continuing long-term cooperation with British partners in this matter not only strengthens our energy independence, but is also of great importance for the future development of the nuclear industry at the global level," noted the Energy Minister, German Galushchenko.

The funds received will be used to finance the supply of nuclear materials - enriched and natural uranium hexafluoride - under the specified contract. The agreements provide for the supply of nuclear materials until 2035 with the possibility of extending the contract until 2043.

As reported, in November 2023, Energoatom and Urenco signed a contract for the supply of the enriched uranium product for Ukrainian nuclear power plants.