 |
|
|
|
|
|
|
|
|
|
|
 |
 |
|||||||||
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
||||||||||||||||||||||||||||||||
|
Information in: Español - Français - Deutsch - Português - Russian - Japanese - Svenska - Italiano - Suomi |
|||||||||||||||
|
|
|
UkraineDid you know?The battle to stop completion of the Soviet-designed reactors at Khmelnitsky and Rivne in Ukraine (K2R4) is not yet over, since export credit agencies have not yet confirmed or denied their involvement in the project. The Ukrainian ECA is the State Export-Import Bank of Ukraine. Although it doesn't act like a traditional ECA, it is recognized as a direct borrower and guarantor for medium and long-term loans by twenty-two ECAs from developed countries around the world.
* Important Background Documents on the Ukraine
|
||||||||||||
 |
|---|
The K2R4 (also K2/R4) nuclear project is meant to replace the failed Chernobyl reactor. Despite previously dropping the project, the EBRD continues to keep K2R4 in mind, and in July 2004 approved a USD $42M loan to modernize and improve safety at the two plants. According to CEE Bankwatch, K2R4 is expected to be funded by the Russian government and the ECAs of the UK, Czech Republic, France, Spain, Switzerland and the USA.
More news items on the Ukraine and ECAs will be posted as they arise.
K2R4 NUCLEAR PROJECT WITHDRAWN FROM EBRD November 30, 2001 Late evening yesterday at the Board of Directors of the European Bank for Reconstruction and Development (EBRD) the Ukrainian representatives requested that the Board not consider the loan for the completion of two nuclear power plants in Ukraine. "Bankwatch is happy to see this move, as taxpayers' money should not be used to support unsafe and uneconomic nuclear power plants," said Petr Hlobil of the CEE Bankwatch Network.
For more information, contact the ECA Watch Facilitator.
