www.ebrd.com G7 Pledges €260M for Chornobyl Repairs After Drone Strike
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- •EBRD seeks €500 million for Chornobyl repairs after a Russian drone strike.
- •G7 nations pledged €260 million for urgent repairs to the New Safe Confinement.
- •Repairs must be completed by 2030 to prevent further environmental risks.
The European Bank for Reconstruction and Development (EBRD) is seeking €500 million to repair the New Safe Confinement at Chornobyl, which was damaged by a Russian drone strike in February 2025. The G7 nations have pledged €260 million to assist with these urgent repairs, highlighting the global concern over nuclear safety risks. EBRD President Odile Renaud-Basso emphasized that repairs must be completed by 2030 to prevent further deterioration. The donor conference in Paris aims to secure additional funding, although full financing is not expected immediately. The strike compromised containment systems designed to manage radioactive materials, raising alarms about potential environmental hazards. Renaud-Basso noted that the costs could be recouped through future war reparations from Russia, which is not expected to contribute to the repair costs. Major restoration work is anticipated to begin in 2028, with repairs projected to take around two years.
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