Ukraine’s $300 million, largely US-financed storage facility for spent nuclear fuel will be completed by the end of this year,

Ukraine’s $300 million, largely US-financed storage facility for spent nuclear fuel will be completed by the end of this year, Petr Kotin, acting head of Energoatom, assured reporters Friday. Scheduled to open next spring, the storage facility is to save Ukraine $150-200 million a year in payments to Russia, the current destination for Ukraine’s spent fuel. Of the total cost, $250 million is financed by a loan from the United States International Development Finance Corporation, formerly known as the Overseas Private Investment Corp.