The UK has announced a £192 million loan guarantee to allow Ukraine to buy enriched uranium from Urenco, which is headquartered in the UK, and one third owned by the UK government.

Reacting to the news, Nuclear Industry Association Chief Executive Tom Greatrex said:

“Nuclear power is vital to Ukraine’s sovereignty, economy and war effort. This loan guarantee means more energy security for Ukraine, more jobs and investment here in the UK, and less money for the Kremlin war machine. It shows how British nuclear exports can cut Russia’s energy leverage over our allies and bolster the strategic independence of the West as a whole.

“Our goal must be for all Western nuclear reactors to run on all-Western fuel services, and we will continue to support the UK Government as it works with our allies to see that done.”

Nuclear power has continued to provide more than half of Ukraine’s electricity, even after Russia’s invasion and illegal occupation of the Zaporizhzhia Nuclear Power Plant. Data is available from the IEA: https://www.iea.org/data-and-statistics/data-tools/ukraine-real-time-electricity-data-explorer.

ENDS

About the Nuclear Industry Association

As the trade association for the civil nuclear industry in the UK, the Nuclear Industry Association represents more than 270 companies across the UK’s nuclear supply chain.

Links
Visit our website: https://www.niauk.org/
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