Skip to content
Edit post

Russian occupation of Zaporizhzhia nuclear power plant costs Ukraine over $5 billion

by Elsa Court and The Kyiv Independent news desk June 18, 2024 11:46 PM 1 min read
Acting Chairman of the Board of Energoatom Petro Kotin speaks to nuclear plant workers at an event dedicated to commemorating the second anniversary of the occupation by Russian armed forces of Zaporizhzhia Nuclear Power Plant, in Kyiv on March 4, 2024. (Oleksii Chumachenko/SOPA Images/LightRocket via Getty Images)
This audio is created with AI assistance

Ukraine's nuclear energy agency Energoatom has lost over Hr 210 billion ($5.2 billion) due to Russia's occupation of the Zaporizhzhia nuclear power plant, Energoatom's acting head Petro Kotin said on June 18.

The Zaporizhzhia nuclear plant, the largest nuclear power station in Europe, has been under Russian occupation since March 2022.

Speaking in an interview published on Energoatom's YouTube channel, Kotin said that losses amounted to Hr 35 billion ($862 million) in just the first week of Russian occupation.

The occupation has since cost Energoatom around Hr 6 billion ($148 million) every month, according to Kotin.

"To date, we have already lost more than Hr 210 billion ($5.2 billion) due to the fact that the Zaporizhzhia nuclear power plant is not working," Kotin said.

Russia's occupation of the ZNPP has led to heightened nuclear safety risks and Ukraine has repeatedly accused Moscow of using the plant as a launching site for drone attacks, presenting a serious security hazard.

Monitoring teams from the International Atomic Energy Agency (IAEA) have been based at the facility on rotation since September 2022, but Russian authorities still deny IAEA inspectors full access to the plant.

Restarting Zaporizhzhia nuclear plant ‘difficult to envisage’ during war, says IAEA chief
The Zaporizhzhia nuclear plant, the largest nuclear power station in Europe, has been under Russian occupation since March 2022.

News Feed

9:39 PM

Ukraine's OnlyFans content creators declare more than $7 million in income.

After the country's tax service sent out requests to Ukrainian citizens who earn money on the platform, 451 people sent in declarations totaling Hr 326.1 million ($7.76 million) for the period of 2020-2022, Ekonomichna Pravda reported on Jan. 22, citing information requested from the country's tax service.
12:08 PM

Ukraine's NATO prospects depend on Trump, Zelensky says.

"Everything depends on the United States. If Trump is ready to see Ukraine in NATO, we will be in NATO, everyone will be in favor. If President Trump is not ready to see us in NATO, we will not be in NATO," President Volodymyr Zelensky told journalists in Davos.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.