Energoatom announced that last week it signed a loan agreement for £181 million with a consortium of international banks, including Deutsche Bank and Barclays Bank.

It is noted that the loan funds under the contract between Energoatom and British Urenco will be used to finance the supply of nuclear materials – enriched and natural uranium hexafluoride.

The loan term is 5 years. The guarantee is provided by the UK government through the UK Export Finance (UKEF) export credit agency. No state guarantees are provided by Ukraine.

In November 2023, Energoatom and Urenco signed a contract for the supply of enriched uranium product for Ukrainian NPPs until 2035, with the possibility of its extension until 2043.

In addition, the parties have two contracts in place until 2025, according to which NNEGC supplies the British company with nuclear materials.