UK to help Ukraine end reliance on Russian energy

New deal will bring the UK’s non-military financial assistance to Ukraine close to $6 billion

Secretary of State for Energy Security and Net Zero Grant Shapps arrives at Downing Street, London, for a meeting with the UK's energy industry leaders. PA
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Grant Shapps has announced during a visit to Ukraine that the UK government will support the country's nuclear fuel supply to help end its reliance on Russian energy.

Through UK Export Finance (UKEF) – the UK’s export credit agency – the government will provide a £192 million ($244m) loan guarantee.

This will enable UK-headquartered Urenco to supply Ukraine’s national nuclear company, Energoatom, with uranium enrichment services, which are vital for nuclear fuel.

The new deal brings the UK’s non-military financial assistance to Ukraine close to £5 billion, the Department for Energy Security and Net Zero said.

On his visit to Ukraine, Mr Shapps also visited a children’s nursery attended by Nikita, the young son of the family he took in under the Homes for Ukraine scheme.

The Energy Secretary played a recorded message from Nikita for the children, the government said.

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Mr Shapps also visited Kyiv, where he met with senior Ukrainian ministers and energy industry figures to discuss Ukraine’s recovery and continuing UK support.

And he also visited a power station undergoing repairs after being damaged by Russian bombing.

“Our support for Ukraine is unwavering in the face of (Russian President Vladimir) Putin’s barbaric invasion – the UK continues to stand with Ukraine as they repel Russian attacks and rebuild their country," Mr Shapps said.

“Being here on the ground, it’s truly remarkable witnessing first-hand the sheer courage, resolve and gritty determination of the Ukrainian people.

“Putin has used energy as a weapon of war: the action today to support nuclear fuel deliveries will help Ukraine end their reliance on Russian supplies and bolster their energy security.”

Updated: August 22, 2023, 11:01 PM