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The repairs are estimated to cost around €500 million, with G7 countries already pledging €260 million in October, according to Politico.
The bank hopes to secure further commitments at a fundraising conference in Paris on November 9, co-chaired by France, Ukraine and the EBRD.
“It’s not a Ukrainian problem,” EBRD [European Bank for Reconstruction and Development] President Odile Renaud-Basso said. “Everybody should feel concerned about nuclear safety globally.”
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The protective structure of Ukraine’s Chernobyl nuclear reactor were destroyed after a Russian drone strike damaged it in February 2025.
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We know who damaged the containment hull. We have a lot of their money frozen and they have a lot of assets in Europe. Let’s use it.
It really does seem like using sanctioned Russian funds to drive the repairs should be an obvious, natural, open-and-shut choice here. But there are still a bunch of EU politicians that seem to be entirely too goddamn limpdick about the entire situation vis a vis Russia.
I think the issue is a lot of countries utilize seized funds to fill funding gaps.
Even if we have the necessary resources, we’re talking about a complicated and dangerous engineering project being done in a warzone. I’m not sure there’s enough pay in the world that would get me to join that construction crew in the current conditions.
So, the world needs to get off its collective ass and end Russia’s aggression, so we can put a lid on the previous mess they made in Ukraine.