The UK will provide a £210m loan to Ukraine to enable it to purchase enriched uranium for its fleet of nuclear power plants.
The country has faced relentless attacks on its energy infrastructure since the start of the war with Russia in 2022. A report by Eurelectric in February estimated that approximately 50% of Ukraine’s total energy infrastructure and production capacity has been destroyed during the war, with over 67% of thermal generation capacity lost.
The country has four long-standing nuclear power plants, although Zaporizhzhia Nuclear Power Station has been under Russian control since 2022. The remaining three lie deep within Ukraine’s territory and are reliable energy generators for a country that faces challenges trying to meet the electricity demand of its people in the face of attacks.
At the G7, Prime Minister Keir Starmer said the new loan from UK Export Finance (UKEF) would enable Urenco, a UK-headquartered uranium enrichment company, to supply enriched uranium to Ukraine...