Germany will contribute 50 million euros ($56 million) for Ukraine to repair its Chernobyl nuclear power plant, German Finance Minister Lars Klingbeil said on Friday, Reuters reported.
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 euros for Ukraine to repair the plant.
The G7 pledge was announced on 15 October by the European Bank for Reconstruction and Development (EBRD), the Kyiv Independent reported. The G7 nations expressed grave concern over nuclear safety risks and pledged to mobilise funding to repair the New Safe Confinement, the massive steel structure erected in 2016 to cover the remains of the reactor that exploded in the 1986 Chernobyl disaster.
The confinement structure, about 130 kilometres north of Kyiv, was severely damaged in February 2025 after being struck by a Russian drone. The attack breached its inner and outer protective structures and damaged critical systems, severely compromising its functions of containing radioactive material and enabling the safe dismantling of the unstable original sarcophagus over Reactor Four, according to the EBRD.
Lescure said there would be a conference on 9 November in Paris to bring together donors and gather more funds, as the full recovery of the plant is estimated to cost 500 million euros, Reuters reported. Klingbeil said it had become clear that everyone involved recognises their responsibility and wants to make a contribution.