The UK government has confirmed the provision of guarantees for a GBP 210 mln loan to ensure stable supplies of enriched uranium by Urenco to Ukrainian NPPs over the next two years. The British government through the export credit agency UK Export Finance (UKEF) provides the guarantee.
This decision marks another step by Ukraine’s international partners to strengthen Energoatom’s financial capacity and ensure the stable operation of nuclear generation amid the full-scale war, while also demonstrating trust in the Company as a reliable partner.
In 2024, Energoatom already attracted a EUR 181 mln loan from Deutsche Bank AG and Barclays Bank PLC under UK Export Finance guarantees. NNEGC timely fulfilled in full its financial obligations to its partner Urenco in 2024 – 2025.
JSC “NNEGC “Energoatom” holds a number of contracts for the supply of nuclear materials – enriched and natural uranium hexafluoride. Specifically, Canada’s Cameco will ensure uranium supplies until 2035, which will be enriched by UK Company Urenco.
In turn, the British decisions demonstrates the readiness of partners to continue supporting Ukraine in order to ensure the steady operation of domestic NPPs, which generate over 50% of electricity in our State.
