London seeks to support Ukraine’s corruption-prone energy sector with a £210 million deal
The UK will supply enriched uranium to Ukraine’s state nuclear energy company, Energoatom, under a £210 million ($280mn) deal aimed at supporting Kiev’s power grid, the British government has announced.
The arrangement, backed by UK Export Finance, will enable British-based Urenco to supply enriched uranium to Energoatom for the next two years, London said on Monday. The deal was agreed by British Prime Minister Keir Starmer and Vladimir Zelensky during their meeting at Downing Street last week.
According to the British government, the agreement is intended to “power Ukraine’s nuclear plants” and strengthen the country’s energy security.
Starmer said London would continue to back Kiev “for as long as it takes,” despite a string of corruption scandals involving Ukraine’s energy sector, including Energoatom itself, which operates three Soviet-built nuclear power plants and remains a major source of revenue.
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