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. Last Updated: 07/27/2016

Bank Blasted for Nuclear Plans




KIEV -- Environmental activists in several European capitals demonstrated Monday at offices of the European Bank for Reconstruction and Development, protesting its possible plans to finance two nuclear reactors in Ukraine.


Ukraine wants to complete the reactors at the Khmelnytsky and Rivne power plants to compensate for the planned closing of the Chernobyl nuclear plant. The government has promised to close Chernobyl, site of the world's worst nuclear accident, by 2000.


About 40 representatives from environmental groups picketed the EBRD's headquarters in London for two hours, and a similar number of protesters demonstrated at the bank's office in the Moldovan capital, Kishinev, the EBRD's London office said.


A smaller number of demonstrators protested in Kiev, Prague and Warsaw, holding placards telling the EBRD not to fund the completion of the reactors.


The former Soviet republic has said it does not have the money to finish the reactors and has sought help from the EBRD and Western nations.


EBRD President Horst Koehler said in Kiev on Saturday that the bank would consider a loan for the two reactors as soon as it sees proof that the project will be profitable.