MOSCOW (Sputnik) – The European Commission will allocate about 20 million euros ($22.5 million) to the Nuclear Safety Account (NSA) fund, it said in a press release issued on Tuesday to coincide with the 30th anniversary of the Chernobyl nuclear disaster.
"The European Commission pledged around €20 million to the Nuclear Safety Account fund as part of the €45 million expected from the G7 and the European Commission in addition to the existing support," the press release reads.
Among other stated goals, the fund currently grants financial resources for the decommissioning of the three remaining Chernobyl units, the last of which was closed in 2000, it added.
The NSA fund was set up in 1993 at the initiative of the Group of Seven (G7) to ensure safety assistance to countries operating Soviet-era nuclear power plants. In 1995, the NSA extended the scope of its activities to Ukraine. A total of 29 countries and the European Commission contribute to the fund, according to the EC's website.