President of SE NNEGC Energoatom Petro Kotin and President and CEO of Cameco Tim Gitzel signed agreements on behalf of the companies on the use of Ukrainian uranium in the production of nuclear fuel for all Ukrainian NPPs.

The signing ceremony, which took place in London, was attended by Minister of Energy of Ukraine German Galushchenko (online), Canadian High Commissioner in the United Kingdom Ralph Goodale, and Ambassador of Ukraine to the United Kingdom Vadym Prystaiko.

According to the agreements, Energoatom will be fully supplied with natural uranium hexafluoride in 2024-2035, which will be used for enrichment and further use in the production of nuclear fuel. It is also planned to sell uranium produced at Ukraine’s SkhidGZK to Canada.

This is not the first successful experience of cooperation between the companies. In 2019 and 2021, Cameco supplied uranium oxide concentrate for the production of nuclear fuel for the needs of Ukrainian NPPs.

“We already have a good experience of cooperation with Canadian partners and today we are deepening this cooperation. The conclusion of such strategic agreements is a matter of national security of Ukraine,” said German Galushchenko.

The Minister reminded that Ukraine was one of the first countries in the world to cease cooperation with russia in the field of nuclear energy, including the supply of nuclear fuel. Ukraine continues to insist on imposing sanctions on the russian nuclear industry. By committing acts of nuclear terrorism, russia has violated all principles of nuclear and radiation safety and exposes the whole world to a nuclear disaster.

“We have been living under daily attacks on the energy sector since October 10 last year. However, thanks to the stable operation of nuclear generation, we have survived this winter and have not had a shortage of generating capacity for the second month. The nuclear industry is of strategic importance for Ukraine, and we are ready to develop and maintain our cooperation with Canada in this area,” emphasized German Galushchenko.