European Commission Continues its Support of Ukraine's Nuclear Safety Program

KYIV, Ukraine, April 18, 2011 - Today Ukraine and the European Commission made a new step in
the nuclear security cooperation. One day before the major international
conference on Chornobyl, the European Commission and Ukraine signed the
Agreement on financing the Programme of Action for nuclear safety, 2010 -
Part II.

The document envisages several joint actions, including a nuclear safety
program, management of the nuclear wastes and EU's technical assistance to
the Ukrainian public authorities responsible for nuclear safety. The European
Commission will allocate 110 million Euros for Ukraine under the Agreement.

The signing of the Agreement marked the first day of the visit the
European Commission's President Jose Emmanuel Barrosoto Ukraine. During the
trip, Mr. Barroso will take part in a major international conference
"Chornobyl, 25 Years. Safety for the Future", which will start on April 19.
The main goal of the conference is to provide discussion platform on the
issues of nuclear safety. Also, the conference is to become the international
public forum to assess the current level of the catastrophe's impact and the
necessary level of international support.

Over the years, the European Union has been paying a major role in
supporting Chornobyl, being the main financial donor of Chornobyl's major
projects. To the date, The European commission invested over 470 million
Euros into Chernobyl-related projects. Such assistance has supported the
safety improvements at Chornobyl, and provided help to people whose lives are
still affected by the accident.

As the largest donor to the Chornobyl Shelter Fund, the Commission has
pledged some 240 million euros (over a quarter of the total amount) for the
construction of a new shell over the damaged reactor.

In addition to contributions to international funds (the Chornobyl
Shelter Fund and the Nuclear Safety Account) the Commission has also funded
projects aimed at studying, assessing and mitigating the consequences of the
Chernobyl accident.

Though 25 years have passed since the accident took place, the
consequences of the disaster are not over. Therefore Ukraine continues to
look for international support to Chornobyl-related projects while investing
significant funds into the consequences management as well as providing
direct financial aid to the affected people and their relatives.

For more information, contact Maryna Khorunzha +380443324784, news at wnu-ukraine.com, Project Manager at Worldwide News Ukraine