Bank Of Baku

Germany to allocate €50 million for restoration of Chernobyl nuclear plant

Germany to allocate €50 million for restoration of Chernobyl nuclear plant
# 16 October 2026 10:29 (UTC +04:00)

Germany will contribute €50 million ($56 million) ​for Ukraine to repair its ‌Chernobyl nuclear power plant, German Finance Minister Lars Klingbeil said on ​Friday, Reuters reports.

The matter is now ​before parliament and is expected ⁠to be approved by ​mid-November, Klingbeil said.

French Finance Minister Roland ​Lescure said on Thursday in Bangkok that the G7 had raised €260 ​million for Ukraine to repair ​the nuclear plant.

"It became clear yesterday ‌that ⁠everyone involved recognises their responsibility and wants to make a contribution," Klingbeil said.

Lescure said on ​Thursday ​there would ⁠be a conference on November 9 in ​Paris to bring together ​donors ⁠and to gather more funds, as the full recovery of ⁠the ​plant is estimated ​to cost €500 million.

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