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  • German Galushchenko: We are working to increase uranium production in Ukraine
    Ministry of Energy of Ukraine, posted 16 September 2023 15:29

    Ukraine is working to increase uranium production, a step towards ousting russia from global markets in this area. This was emphasized by the Minister of Energy of Ukraine German Galushchenko.

    "Unfortunately, russia still controls a significant part of the global uranium market. This slows down the issue of imposing sanctions, as many companies have contracts with the russians for uranium supplies. But we are working hard to push them out of this market and to increase uranium production in Ukraine," the Minister said.

    He reminded that Ukraine had already concluded a number of agreements with international companies in this area, in particular with Canadian CAMECO. As part of this cooperation, the first batch of Ukrainian uranium mined at the Eastern Mining and Processing Plant was recently loaded and shipped to Canada, where Ukrainian uranium will be used to produce nuclear fuel for the needs of domestic nuclear power plants.

    Ukraine has also received a loan guarantee from the UK Government in the amount of GBP 192 million in the framework of cooperation with Urenco. This is a loan to provide Energoatom with uranium enrichment services.

    "Uranium production is a component of national security for us," emphasized German Galushchenko.

    The Minister of Energy also reminded that a few days ago, the first batch of nuclear fuel developed by the American company Westinghouse Electric Sweden AB and specialists of the Ukrainian NNEGC Energoatom was loaded into the VVER-440 reactor of the Rivne NPP.