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Financial Post Articles
UKRAINE 'BLACKMAILING' WEST FOR NUCLEAR REACTORS
Financial Post, Weekly edition,
Wednesday, July 15, 1998
The Ukrainian government said yesterday it will delay closing the
Chernobyl nuclear power station if the Group of Seven industrialized
countries fails to find cash for two new reactors. Chernobyl was the
site of the world's worst civil nuclear disaster in 1986. Ukraine
promised the G7 in 1995 it would shut the station's only working
reactor by 2000. But both sides are haggling over the sum Ukraine
has demanded for the shutdown and a further US$1.2 billion it wants
for two new reactors at the Rivne and Khmelnytsky plants. "We will
only be able to complete the reactors if the G7 countries take
measures to fund it,"the government said. "Otherwise the date of
Chernobyl's closure will inevitably be delayed," it said. Western
diplomats said the continued use of the station's last functioning
reactor as a bargaining chip for the new reactors amounts to
"nuclear blackmail".
Source: This information is provided by the Financial Post.
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