The Department of State has announced it will provide up to $100 million in foreign assistance funding toward coordinated G7 efforts to ensure the continued containment of fissile nuclear material at the Chernobyl nuclear power plant in Ukraine.
For three decades, the United States and G7 partners have led efforts to secure nuclear material at the Chernobyl plant, with the United States providing more than $365 million in total funding towards the New Safe Confinement arch that secures the main reactor areas. Initially built with a 100-year lifespan, the NSC was damaged last year in a Russian drone strike. Without repairs, the NSC can no longer provide adequate protection, creating the specter of a dangerous leak of highly radioactive material in Europe.
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Political News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.