The EBRD announced a lack of funds for emergency repairs of the shelter of the Chernobyl nuclear power plant

05.11.2026, 09:29◉ 02 min readEditorial team “SHCHO STALOSIA”

The European Bank for Reconstruction and Development (EBRD) said that it lacks 500 million euros to carry out an emergency repair of the protective sarcophagus at the Chernobyl nuclear power plant. According to European Pravda, this was stated by EBRD President Odile Renaud-Basso in aninterview with Politico.

The EBRD announced a lack of funds for emergency repairs of the shelter of the Chernobyl nuclear power plant

The head of the EBRD warned that international funding was needed to prevent a potential environmental disaster at the plant.

Everyone should be concerned about nuclear safety on a global scale, ”Renault-Basso said.

Although there is no immediate danger from the Chernobyl nuclear power plant, the EBRD President noted that the damage must be repaired by 2030. Without repair, moisture can corrode the infrastructure beneath the protective arch, ultimately making it much more difficult and expensive to manage radioactive materials.

Renault-Basso stressed that the repair of the shelter at the Chernobyl nuclear power plant should not be considered as competition with other urgent needs to support Ukraine, which is already struggling with the restoration of energy infrastructure damaged as a result of of the Russian invasion. Instead, governments should view it as an investment in international nuclear security, the implications of which extend beyond Ukraine.

Details

According to EBRD estimates, the restoration of the protective structure will cost about 500 million euros, although further technical assessments are still ongoing.

Context

The Bank is committed to securing the necessary funding to contract and commence major refurbishment work at the Chernobyl nuclear power plant in 2028, as it estimates the refurbishment will take about two years.

Norway allocates more than 9 million euros for the restoration of the protective sarcophagus over the Chernobyl nuclear power plant after damage by a Russian drone.

What's next

The Bank continues to seek funds to restore the giant steel structure erected over the wreckage of the Chernobyl reactor 4, which exploded in 1986. Damaged by a Russian drone strike in February 2025, the structure – known as the New Protective Confinement – protects reactor remnants and ensures the safe handling of radioactive materials.

When you see so many countries investing in nuclear power, you need to be confident that when something happens – if something happens – there will be an opportunity to deal with it, ”she said.

Sources and confirmations:

This story is confirmed by 2 independent sources.

Економічна правда · 05.11 09:29
NV — Бізнес · 05.11 11:22