Overview
- The UK announced the deal Monday at the G7 in Evian, committing export finance to secure a two-year supply of enriched uranium for Ukraine's state operator Energoatom.
- The package channels roughly £210 million through UK Export Finance to Urenco, the partly state‑owned enrichment firm that will provide the fuel.
- Energoatom, which generates over half of Ukraine’s electricity, will use the supplies to reduce the risk of civilian power cuts during heavy Russian strikes on energy infrastructure.
- Reporting says over one‑third of the uranium will be processed at Urenco’s Chester facility, and the announcement was paired with new UK sanctions targeting Russia’s shadow fleet and finance networks after recent enforcement actions.
- The move continues a multi‑year effort to shift Ukrainian reactors away from Russian supplier TVEL, follows a £192 million 2023 package, and is intended to shrink Moscow’s energy leverage while improving Kyiv’s resilience this winter.