The EBRD manages seven donor funds providing support to increase nuclear safety and security in Eastern Europe. A key task is the decommissioning of Soviet-era nuclear facilities and equipment.
To date, 45 donors, including the G-7 countries and the European Commission, have pledged more than €4 billion to these funds which include:
- the Nuclear Safety Account (NSA)
- the Chernobyl Shelter Fund (CSF)
- the three international decommissioning support funds for Bulgaria, Lithuania and the Slovak Republic
- the “Nuclear Window” of the Northern Dimension Environmental Partnership Support Fund (NDEP)
- the Environmental Remediation Account for Central Asia (ERA)
Cooperation on nuclear safety between the West and Eastern Europe began in the early 1990s following the disintegration of the Soviet Union. At their 1992 Munich summit, the G-7 heads of state and government vowed to support countries of central and eastern Europe with Soviet-designed nuclear power plants.
The first focus was on lessons learned from the 1986 Chernobyl accident which had revealed serious design flaws in Soviet-built nuclear power plants of the first generation as well as inadequate management and regulatory structures. The objective was to improve safety until conditions for early closure had been met. This initiative led to the establishment of the Nuclear Safety Account at the EBRD in 1993.