Ukraine seizes corporate rights of Nuclear Fuel Production Plant from Russian company TVEL

Volodymyr Zelenskyy. Stock photo: Ukraine’s President’s Office

The National Security and Defence Council of Ukraine (NSDC) has agreed a decision for compulsory seizure of shares in the private joint-stock company Nuclear Fuel Production Plant. The relevant document was signed by the President of Ukraine.

Sources: governmental materials at the disposal of Ekonomichna Pravda

Details: The government intends to seize shares belonging to the TVEL Joint Stock Company (Russian Federation), whose indirect beneficiary is the Russian state nuclear energy corporation Rosatom.

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Within a month, the government must ensure the compulsory seizure of said property.

Background:

• Energoatom, Ukraine’s state-owned nuclear energy company, has planned to build a plant for the production of fuel assemblies near the town of Yuzhnoukrainsk, near which the Yuzhnoukrainsk Nuclear Power Plant is located.

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