Defence Global News Ukraine United Kingdom

UK to Provide Ukraine With $245 Million to Buy Nuclear Fuel

The UK will provide £192m ($245m) to Ukraine to buy nuclear fuel from manufacturers, including British companies, British Energy Secretary Grant Shapps said during a visit to Kiev, Reuters reported .

“The guarantee we will provide will help Ukraine ensure that their nuclear fuel does not come from Russia in the future,” Shapps explained.

One of these sources will be the European nuclear fuel consortium Urenco (Great Britain, Germany, the Netherlands).

On June 21, the Ukrainian edition of Forbes reported that by 2050 Ukraine plans to become the “energy hub of Europe” after more than $400 billion is invested in the country’s energy sector. 2035, replacing them with CHPPs and TPPs running on natural gas and biomethane.

At the same time, Alexander Kharchenko, director of the Energy Research Center, told the publication that the presented “figures have no connection with reality.” In his opinion, the plans of the Ukrainian authorities “significantly exceed the already ambitious energy strategy” of the country.