Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

No damage to reactors at Ukraine’s Zaporizhzhia nuclear plant -IAEA chief

2022 03 04T105748Z 1 LYNXMPEI230GD RTROPTP 4 UKRAINE CRISIS IAEA - Global Banking | Finance

By Francois Murphy

VIENNA (Reuters) – No damage was done to reactors at Ukraine’s Zaporizhzhia nuclear power plant and there was no release of radioactive material after a military projectile hit a nearby building on the site, U.N. atomic chief Rafael Grossi said on Friday.

Two members of security staff were injured when the projectile hit overnight after the Ukrainian authorities reported a battle with Russian troops near Europe’s biggest power plant, which is operating at just a small fraction of its capacity with one of its six units still running.

At a news conference called at short notice, International Atomic Energy Agency (IAEA) chief Grossi showed an overhead shot of the site and the building that was hit, a training centre close to but separate from the row of reactor units.

“What we understand is that this projectile is a projectile that is coming from the Russian forces. We do not have details about the kind of projectile,” Grossi said, adding that the radiation monitoring system at the site was functioning normally.

“We of course are fortunate that there was no release of radiation and that the integrity of the reactors in themselves was not compromised,” he added.

Russia’s Defence Ministry on Friday blamed the attack on Ukrainian “saboteurs”. Reuters could not independently verify what happened in the incident.

Russia’s invasion of Ukraine is the first time war has broken out in a country with such an advanced and established nuclear power programme, the IAEA says. Zaporizhzhia is the biggest of the country’s four operational nuclear power plants, together providing about half Ukraine’s electricity.

Grossi suggested meeting Russian and Ukrainian officials at defunct power plant Chernobyl, where Russia has seized the radioactive waste facilities near the site of the world’s worst nuclear accident in 1986, so that they could commit not to do anything to endanger nuclear security in Ukraine.

‘NOT NORMAL’

Staff on duty at Chernobyl have not been rotated out since it was seized last week despite repeated appeals by Grossi. The situation at Zaporizhzhia was similar in that Russia controls it but Ukrainian staff continue to operate it.

“For the time being it is purely Ukrainian staff running the operations there. What we have in this case as we speak … is in Chernobyl and in Zaporizhzhia we have effective control of the site in the hands of Russian military forces. I hope the distinction is clear,” Grossi said.

Russia and Ukraine were considering his offer of a meeting at Chernobyl. Grossi appealed overnight on both sides not to clash near Zaporizhzhia.

“I’m extremely concerned. This is something which is very, very fragile, very unstable as a situation,” he said on Friday.

“Right now we have this normal abnormality, if I can put it like that. The other day in my statement (to the IAEA Board of Governors) I was saying normal operations (at Zaporizhzhia) but in fact there is nothing normal about this.”

(Reporting by Francois Murphy; Editing by Mark Heinrich, Frank Jack Daniel and Alex Richardson)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post