The President signed the Law on the improvement of the mechanism of financial provision for radioactive waste management

President Petro Poroshenko signed the Law of Ukraine No. 2125-VIII "On Amendments to the Budget Code of Ukraine on the Improvement of the Mechanism for Financial Provision of Radioactive Waste Management", adopted on July 11, 2017.

The law amends the Budget Code of Ukraine, which defines the procedure for the formation and use of funds from the State Fund for Radioactive Waste Management, created as a part of the special fund of the State Budget of Ukraine.

The creation of the State Fund for the Radioactive Waste Management as part of the special fund of the State Budget will ensure the targeted use of funds paid by producers of electricity generated by Ukrainian nuclear power plants and will facilitate the proper financing of the creation and maintenance of radioactive waste storage facilities.

According to the Law, the State Fund for Radioactive Waste Management is formed at the expense of revenues from environmental taxes, which are charged for the generation of radioactive waste (including those already accumulated) and / or for the temporary storage of radioactive waste by their producers beyond the terms established by the special terms of the license period.

The funds of the State Fund for Radioactive Waste Management are directed at the financial provision of budget programs, which carry out work on the design, construction, commissioning, decommissioning or closure of facilities for the radioactive waste management that are transferred by licensees to State property, and carry out other measures related to the management of radioactive waste that are transferred by the licensees to the state property.

The law will come into force on January 1, 2018.

According to the materials of the official
internet representation of the Presindent of Ukraine

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