Sayenko Kharenko acted as Ukrainian legal counsel to UK Export Finance (UKEF), Deutsche Bank AG, and Barclays Bank PLC in connection with a EUR 181 million loan facility to JSC “NNEGC “Energoatom”, Ukraine’s state nuclear energy company.
The UKEF-covered financing is aimed to support Energoatom’s long-term contract with Urenco for the supply of enriched uranium products, which are essential for fuelling Ukraine’s nuclear power plants and ensuring a stable and secure energy supply. The five-year syndicated facility is crucial for maintaining Ukraine’s energy security and independence, particularly during the ongoing conflict, and reflects the broader international support for Ukraine’s critical infrastructure.
“We are pleased to have advised UK Export Finance, Deutsche Bank, and Barclays on this strategically important financing for Ukraine’s energy sector. This transaction underscores the continued support to Ukraine and reinforces the pivotal role of nuclear energy in the country’s energy portfolio,” commented Anton Korobeynikov, partner at Sayenko Kharenko.
Sayenko Kharenko’s team advising on this transaction included Anton Korobeynikov, Oles Trachuk and Polina Savinska.
