Ukraine and the EBRD have launched a fundraising campaign to restore the arch at the Chernobyl Nuclear Power Plant
On the 40th anniversary of the Chernobyl nuclear disaster, Ukraine signed an agreement with the European Bank for Reconstruction and Development for the allocation of €30 million for the first phase of repairs to the plant’s new safe confinement (protective arch).
This was announced by First Deputy Prime Minister and Minister of Energy Denys Shmyhal following the International Chernobyl Conference on Recovery and Nuclear Safety.
On the night of 14 February 2025, the Russians damaged it with a ‘Shahed’ strike. According to preliminary estimates, around €500 million is needed to restore and reinforce the safety of the structure.
The partners have also made initial commitments totalling nearly €100 million. These funds will be directed towards restoring the containment structure and enhancing nuclear safety in Ukraine.
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