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The repairs are estimated to cost around €500 million, with G7 countries already pledging €260 million in October, according to Politico.

The bank hopes to secure further commitments at a fundraising conference in Paris on November 9, co-chaired by France, Ukraine and the EBRD.

"It's not a Ukrainian problem," EBRD [European Bank for Reconstruction and Development] President Odile Renaud-Basso said. "Everybody should feel concerned about nuclear safety globally."

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The protective structure of Ukraine's Chernobyl nuclear reactor were destroyed after a Russian drone strike damaged it in February 2025.

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