Ukraine Latest: Zelenskiy Says Nuclear Plant Still ‘Very Risky’

Ukraine Latest: Zelenskiy Says Nuclear Plant Still ‘Very Risky’

27 Aug    Finance News, Physics

Ukrainian President Volodymyr Zelenskiy said the situation at the Zaporizhzhia nuclear plant “remains very risky, dangerous” even after two power units were reconnected to the country’s energy grid after an outage.

Article content

(Bloomberg) —

Ukrainian President Volodymyr Zelenskiy said the situation at the Zaporizhzhia nuclear plant “remains very risky, dangerous” even after two power units were reconnected to the country’s energy grid after an outage.

Article content

The plant is working “despite provocations by occupying Russian forces,” state-owned operator Energoatom said. Zelenskiy said in a video address that the International Atomic Energy Agency should be allowed to arrive “soonest” to help prevent further incidents.

See also  AMFI nod to MFs to resume subscription to overseas funds

Advertisement 2

Story continues below

Article content

The European Union’s foreign policy chief, Josep Borrell, also expressed concern about the situation. 

(See RSAN on the Bloomberg Terminal for the Russian Sanctions Dashboard.)

Key Developments

  • Zelenskiy Reinforces Nuclear Warning After Disruption 
  • Britain Hasn’t Quite Managed to Kick Its Russian Diesel Habit
  • Price of Power Spirals Out of Control in Europe’s Key Markets
  • European Gas Posts Sixth Weekly Gain as Supply Woes Intensify
  • Why Ukraine Debt Relief Isn’t Matching Funding Needs: QuickTake
  • A Corner of Europe Leans to Live With Power Blackouts Again

On the Ground

Russian forces hit several private houses, warehouses and power lines in eastern Ukraine, according to a statement by Ukraine’s General Staff. Russia’s naval group continues reconnaissance and a blockade of civilian shipping in the northwestern part of the Black Sea, Ukraine’s Defense Ministry said. Seven Russian ammunition depots in southern Ukraine were destroyed this week, said Natalia Humenyuk, a Ukrainian military spokeswoman.

Advertisement 3

Story continues below

Article content

(All times CET)

Ukraine Aims to Export 3 Million Tons of Grain by Sea a Month (7 a.m.)

Ukraine exported 1 million tons of grain by sea after last month’s deal brokered by the UN and Turkey, Zelenskiy said in a video address to the nation. Some 44 ships were sent to 15 countries and Ukraine received 70 more requests for ships to be loaded, he said. The country aims to export 3 million tons of grains a month by sea, he said.

See also  Fed’s Kashkari Says He Expects One More Rate Hike This Year

IMF Exploring More Options to Help Ukraine, Official Says (6 a.m.)

The International Monetary Fund is looking at ways to help Ukraine beyond the round of emergency financing it provided at the beginning of the war, Gita Gopinath, the bank’s first deputy director, told Bloomberg Television.

“We are looking at other options, many other things that we’ll need to do to help Ukraine — also to make sure that their macro policies are able to keep the economy on track as best possible, prevent hyperinflation,” Gopinath said. “All of these are big concerns we’re trying to work with the authorities to help address.”

Advertisement 4

Story continues below

Article content

Russia Blocks Nuclear Non-Proliferation Treaty Deal (5 a.m.)

Moscow late Friday blocked agreement on the final draft of a review of the UN treaty considered the cornerstone of nuclear disarmament over criticism of its actions in Ukraine, the Associated Press reported.

The four-week talks over updates to the 50-year-old Nuclear Nonproliferation Treaty, already delayed two years by the Covid-19 pandemic, were stymied over wording referencing Russia’s occupation of the Zaporizhzhia nuclear power facility in Ukraine, Europe’s largest.

“We do not have a consensus document because of Russia,” US Undersecretary of State for Arms Control Bonnie Jenkins said on Twitter. 

Advertisement

Story continues below

Leave a Reply

Your email address will not be published. Required fields are marked *