Damaged Chernobyl nuclear site needs urgent funding, warns European development bank

The European Bank for Reconstruction and Development has announced a €500 million funding gap for urgent repairs to the Chernobyl reactor in Ukraine, emphasizing the need for international support to prevent an environmental crisis due to damage from Russian attacks. The funds are required to restore the New Safe Confinement structure, which was compromised by a Russian drone strike in February 2025, ensuring the safe management of radioactive materials.