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February 25, 2022

Ukraine official says Russia captured Chernobyl nuclear plant

Another power plant located in Shchastya town in the Luhansk region has also been damaged.

Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
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Update

25 February

Adviser of the Ukrainian presidential office Mykhailo Podolyak said late on 24 February that the Chernobyl nuclear power plant has been captured by Russian forces.

Russian Defense Ministry also confirmed it has gained complete control of Chernobyl, and added that the radiation levels are normal.

24 February

Ukraine has announced that Russian occupation forces are trying to take control of Chernobyl Nuclear Power Plant.

In a tweet, Ukrainian President Volodymyr Zelenskyy said: “Russian occupation forces are trying to seize the Chernobyl Nuclear Power Plant.

“Our defenders are giving their lives so that the tragedy of 1986 will not be repeated.

“Reported this to Swedish Prime Minister Magdalena Andersson. This is a declaration of war against the whole of Europe.”

The country’s foreign ministry tweeted that the attack could lead to an ‘ecological disaster’ similar to that caused when a reactor at the plant exploded in 1986.

It said: “In 1986, the world saw the biggest technological disaster in Chernobyl. If Russia continues the war, Chernobyl can happen again in 2022.”

In a separate development, a power plant located in Ukraine’s eastern region has been damaged due to a fire that began during shelling.

On 23 February, DTEK Energy stated the plant has been under attack for the past 24 hours. The damage to the facility caused by the shelling has left thousands of citizens without heat or power.

Located in Shchastya town in Luhansk, the power plant is the largest power producer in the region.

Critical staff at the plant have been shifted to a bomb shelter.

The plant is close to the line of contact between Russia-supported separatists and the Ukrainian army.

It is owned by Ukraine’s richest citizen, Rinat Akhmetov.

At least 11,500 people have been affected due to the cut in power supply, reported Bloomberg.

In a statement given to Bloomberg, DTEK Energy said that the fire had burned out and firefighters could not intervene because of the shelling.

The company added that no casualties have yet been reported.

Following Russia’s invasion of Ukraine, German Energy Minister Robert Habeck said at a news conference that an application by Russia’s state-owned power firm Rosatom to acquire a stake in a nuclear fuel reprocessing facility in Lingen, Germany, had been withdrawn, reported Reuters.

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
by GlobalData
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