Monday, November 17, 2025

Ukrainian opposition party Holos calls for vote of no-confidence in the government over Energoatom corruption scandal

Ukrainian opposition party Holos calls for vote of no-confidence in the government over Energoatom corruption scandal
Ukrainian opposition party Holos calls for vote of no-confidence in the government over Energoatom corruption scandal / bne IntelliNews
By bne IntelliNews November 16, 2025

The leader of Ukraine’s Holos (Voice) liberal opposition party, Kira Rudik, has called for a vote of no-confidence in the government, as the Energoatom corruption scandal continues to gather momentum.

Holos is a pro-European, anti-corruption party established in 2019. In an interview with France24, Rudik expressed frustration with the government’s performance after Timur Mindich, a close associate of Ukrainian President Volodymyr Zelenskiy, was accused of stealing $100mn in a kickback scheme, by the National Anti-Corruption Bureau of Ukraine (NABU).

“It is unacceptable to have this kind of corruption in the government in the time of war,” she said. “It is impossible to have elections, but we are calling for a vote of no confidence in the government.”

Holos, once part of governing coalitions, finds itself in increasing opposition to what it describes as inertia and corruption at the heart of the state.

The push for a no-confidence vote comes amid mounting pressure on the Zelenskyy administration, and follows on from the first anti-government demonstrations after the government tried to gut the anti-corruption reforms with the controversial Law 12414 on July 22.

Zelenskiy’s ruling Servant of the People party continues to enjoy wartime dominance but faces growing internal dissent. Analysts say the demand for parliamentary scrutiny reflects deeper concerns about transparency, reform and accountability.

As bne IntelliNews reported, the press coverage of Ukraine has been turning increasingly negative in recent months as Ukraine fatigue continues to build. Zelenskiy’s image was badly tarnished by Law 12414, but it has taken a much bigger hit with the Energoatom scandal. Several international outlets have criticised Zelenskiy's growing authoritarian tendencies.

Rudik’s stance suggests Ukraine’s democratic institutions are undergoing their own stress test. Zelenskiy was already in damage control mode over the weekend, announcing a major reform and audit of the energy sector, but it remains to be seen if his initiatives will be about to placate public disillusionment with his performance.

Should a vote of no-confidence proceed, the outcome remains uncertain. With martial law still in place, fresh elections are not permitted so a successful vote will remain largely symbolic. However, it will further weigh on Ukraine’s fading drive to rally supporters to provide Kyiv with tens of billions of euros of additional aid and increase sanctions on Russia.

Ukraine’s Energoatom corruption stole money to protect Ukraine’s power stations, caused blackouts

Ukraine’s Energoatom corruption stole money to protect Ukraine’s power stations, caused blackouts
Ukraine’s Energoatom corruption stole money to protect Ukraine’s power stations leaving them defenceless and causing current blackouts. / bne IntelliNews
By Ben Aris in Berlin November 16, 2025

A Russian missile barrage has plunged Ukraine into darkness as winter approaches but could have been avoided. Money earmarked to build effective defences against Russia’s sustained missile attacks was stolen, leaving them defenceless, Euromaidan Press reports.

Kyiv residents are facing 12-16 hour blackouts after some of the most massive drone and missile attacks of the war in the last week that are targeting the surviving non-nuclear power stations and distribution infrastructure.

However, Bankova (Ukraine’s equivalent of the Kremlin) launched a programme to protect its energy assets with defences that, where they were built, proved to be effective. However, after more than $100mn was siphoned off in the Energoatom kickback scheme exposed by National Anti-Corruption Bureau of Ukraine (NABU) on November 10, orchestrated by Ukrainian President Volodymyr Zelenskiy’s former business partner and good friend, Timur Mindich, money earmarked to build more defences was stolen and those defences at dozens of facilities were never built. That left power plants and infrastructure across the country vulnerable to the Russian attacks, which have now been put out of action just before the winter snows arrive.

The scandal will badly affect Western donor sentiment as following the start of the campaign to take out power plants started last year, Ukraine’s supporters have rushed hundreds of millions of dollars to Kyiv to rebuild or repair generation capacity. Now they are discovering that a large share of this money ended up in the pocket of powerful businessmen close to the president.

In summer 2023 after Russia launched its campaign to take out Ukraine’s power stations, authorities identified several hundred critical infrastructure objects requiring protection—not just those belonging to the state-owned utility company Ukrenergo substations, but power plants, gas infrastructure, and other essential facilities.

Under former Ukrenergo chief Volodymyr Kudrytskyi, the head of the state-owned power company secured €1.5bn in Western aid over 18 months to build concrete shelters to defend Ukrenergo’s critical transformers – the largest recipient of Western aid after the state itself.

“Under Kudrytskyi's leadership, Ukrenergo partnered with the government's Agency for Restoration and Development of Infrastructure to construct approximately 60 anti-drone shelters for critical transformers by September 2024. These massive concrete structures—up to 25 metres tall—were designed specifically to withstand mass Iranian Shahed drone strikes,” Euromaidan Press reports.

They were tested by Russian attacks and nearly all survived repeated Russian missile and drone strikes. According to the Verkhovna Rada's temporary investigative commission, of 74 protected objects built by Ukrenergo and the Agency, only one autotransformer was destroyed by a direct hit from a heavy missile.

The programme was supposed to be extended to cover more critical distribution infrastructure belonging to the state-owned nuclear power utility Energoatom, but the money to pay for the work disappeared, Euromaidan Press reports.

When Kudrytskyi pushed back against the corruption, publicly criticising then Energy Minister Herman Halushchenko for failing to implement the infrastructure protection plan, he found himself under investigation for fraud by the authorities for a fence project that never happened, according to Euromaidan Press. He was sacked in September 2024.

“The political prosecution triggered a predictable response: Western donors withdrew, international funding collapsed to 5-10% of previous levels, and critical infrastructure went unprotected,” the publication reports.

The end of the defence programme proved to be especially catastrophic for Energoatom, where defence works had yet to begin leaving substations and thermal plants unprotected, which became easy pretty for Russian missiles.

Oleksandr Kharchenko, director of the Energy Industry Research Center, told Suspilne that this loss of international backing is directly responsible for the severity of current blackouts that should have been largely avoidable.

“Current blackouts stem from this dual institutional failure: corruption preventing infrastructure protection, political vendetta destroying donor confidence. Ukraine built the solution, proved it worked, then officials chose kickbacks over replication—and prosecuted the executive who delivered results,” Euromaidan reports.

At a time when Western aid to fund the reconstruction of the battered power sector is crucial to get Ukraine through its freezing winters, international aid for Ukrenergo dropped to just 5-10% of previous levels after Kudrytskyi's dismissal.

Investigators identified businessman Mindich as the principal coordinator of the Energoatom kickback scheme, but now Justice Minister and then Energy Minister Halushchenko was also a central figure, appearing in NABU’s recordings under the codename "Professor."

Zelenskiy demanded Halushchenko's resignation days after the scandal broke, but he remains at liberty and no formal charges have been brought against him yet. Zelenskiy is already receiving flak from critics for protecting members of his inner circle in the face of overwhelming evidence of wrongdoing.

Kudrytskyi's dismissal from Ukrenergo triggered a financial crisis at the company. The company Ukrenergo failed to include its Eurobonds in a restructuring deal coordinated with Ukraine's sovereign debt restructuring, pushing the company into technical default. Now the company is cut off from the international capital markets and will be unable to raise fresh capital should access to those markets reopen

Ukraine's Energoatom scandal escalates as Zelenskiy dithers on implementing a strong response

Ukraine's Energoatom scandal escalates as Zelenskiy dithers on implementing a strong response
President Zelenskiy’s close friend Timur Mindich is accused of using his close association with the leadership to run a $100mn kickback scheme that has rocked the government and threatens to bring it down. / bne IntelliNews
By Ben Aris in Berlin November 17, 2025

The Operation Midas scandal involving close associates of Ukrainian President Volodymyr Zelenskiy and senior Ukrainian officials in a $100mn kickback scandal continues to expand as more officials get drawn into the net that threatens to bring the government down. 

On the one hand the investigation launched by Ukraine’s anti-corruption bodies – National Anti-Corruption Bureau of Ukraine (NABU) and Specialized Anti-Corruption Prosecutor’s Office (SAPO) – is a positive sign as it underscores the strength of Ukraine’s civil society. On the other it also emphasises the depth of corruption in Ukraine where those responsible for leading the country in a time of war plunder tens of millions of dollars for their personal gain. 
Zelenskiy is facing his biggest test since taking office six years ago and how he chooses to respond to the crisis will be an acid test that could determine the future of the country and its prospects for staying in the war against Russia. 

Snapshot of the main players:

Friends / Business Associates

  • Tymur Mindich — Businessman, co-owner of Kvartal 95 Studio, close associate of President Volodymyr Zelenskiy; alleged mastermind of the scheme. Sanctioned by Zelenskiy but has fled the country; call sign “Karlsson”.
  • Oleksandr Tsukerman — Businessman, headed a money-laundering “back-office” used by the scheme; call sign “Sugarman”. Sanctioned by Zelenskiy but has fled the country.  

Ministers / Political Officials

  • Herman Halushchenko — Former Minister of Energy (2021-2025) and later Justice Minister; appears in the audio tapes under call sign “Professor”. Has resigned from office.
  • Svitlana Hrynchuk — Minister of Energy from July 17, 2025 to November 12, 2025. Has resigned from office.
  • Oleksiy Chernyshov — Former Deputy Prime Minister of Ukraine; charged with illicit enrichment in connection with the scheme; call sign “Che Guevara”. Placed into pre-trial detention in connection with the Operation Midas probe.

State Officials / Company Executives / Others

  • Ihor Myroniuk — Former adviser to the Energy Minister (and former deputy head of the State Property Fund); call sign “Rocket”. Placed into pre-trial detention in connection with the Operation Midas probe.
  • Dmytro Basov — Former Executive Director of Security at Energoatom; call sign “Tenor”. Placed into pre-trial detention in connection with the Operation Midas probe.

Other implicated:

  • Volodymyr Zelenskiy  — the president’s name and voice appears in NABU tapes, but there is no conclusive evidence linking him to the scandal yet.
  • Andriy Yermak— head of Ukraine’s presidential office, has been indirectly linked to the scandal, but no concrete evidence has been presented yet. He left the country as the scandal broke for a working trip to Turkey that was extended with a trip to Qatar where he remains for now.

Mindich arrest?

Zelenskiy revoked the Ukrainian citizenship of the two key figures in the scandal Mindich and Tsukerman, who had both fled to Israel right before NABU raid, and also imposed sanctions for three years. Mindich’s escape was so complete that he left his front door open for the investigators to spare the locks, local media report. Zelenskiy celebrated his birthday in the same apartment in 2021 in defiance of Covid restrictions. Mindich had a second apartment on the fourteenth floor of the same building where the now famous golden toilet is located. Israel does not extradite its citizens to any country irrespective of their crimes.

Ousted president Viktor Yanukovych also had a golden toilet at this residence, as does Turkish President Recep Tayyip Erdogan, according to reports.

“[Mindich] controlled the work of the so-called ‘laundry room’, where criminally-obtained funds were laundered,” Ukraine’s National Anti-Corruption Bureau (Nabu) said last week.

Ukrainska Pravda reports that both NABU and SAPO began to get threats of “retribution” only hours after the raids occurred. Following Zelenskiy failed attempt to put both anticorruption bodies under the direct control of the General Prospector, a presidential appointee, with the Law 12414 on July 22, the Ukrainian Security Service (SBU), also under the control of the president, has been harassing the staff of both organs, and specifically targeting those working on the Operation Midas investigation, according to local reports.

Critics have said the decision was designed to look tough, but actually dodged the bullet. Arrest warrants have not been issued for either man, despite their obvious central role in the kickback scheme and copious evidence of their guilt.

“By the looks of it, the president can't really avoid jailing three of his friends – in line with Lee Kuan Yew's dictum – if he is to maintain any claim of effective governance,” Ukrainska Pravda said in deep dive into the scandal, but that has not happened yet.

On the positive side, supporters have pointed out that an investigation of this importance and scale would be impossible in somewhere like Russia and underscores the vibrancy of Ukraine’s civil society that appeared following two sets of popular so-called coloured revolutions that is effectively holding the president to account.

By revoking their citizenship, Zelenskiy has put both men beyond the reach of Ukrainian law. Moreover, while the sanctions will make doing business or retrieving any assets they still have in Ukraine, such as property, the three-year term of the sanctions allows them to return to Ukraine after the scandal has blown over.

Further revelations are now widely expected as the scandal mushrooms, the worst political crisis Zelenskiy has faced since taking office in 2019.

Sanctions

Zelenskiy has been criticised for not asking for arrest warrants and choosing lesser responses that may not satisfy public demand for firm action in the face of a mushrooming scandal.

Serhiy Fursa, a Ukrainian investment banker and political commentator, wrote last week: “We cannot afford for the Ukrainian president, for the Ukrainian government, to lose its remnants of legitimacy during the war. Otherwise, we risk losing the state in the same way as during the first world war, when desertion at the front came on top of mass despair and political discord,” the Financial Times reported.

Zelenskiy enacted a decision by the National Security and Defence Council (NSDC) to impose sanctions against businessmen for three years, according to Presidential Decree No. 843/2025 dated November 13.  The sanctions against Mindich and Tsukerman include:

  • Deprivation of state awards of Ukraine and other honours;
  • Asset blocking – temporary deprivation of the right to use or dispose of assets belonging to the individuals or entities concerned, as well as any assets over which they may directly or indirectly (through other individuals or legal entities) exercise rights equivalent to ownership;
  • Complete cessation of trade operations;
  • Full suspension of resource transit, flights and transport through Ukrainian territory;
  • Prevention of capital withdrawal from Ukraine;
  • Suspension of the performance of economic and financial obligations;
  • Complete termination of licences and other permits;
  • Prohibition on participation in privatisation or leasing of state property by residents of foreign states or entities controlled by them;
  • Prohibition on the use of Ukraine's radio-frequency spectrum;
  • Full suspension of the provision of electronic communication services and use of electronic networks;
  • Ban on public and defence procurement of goods, works, and services from legal entities;
  • Complete ban on entry of foreign non-military and military vessels into Ukrainian territorial waters, internal waters, ports, and aircraft into Ukrainian airspace or landing on its territory;
  • Full ban on transactions involving securities issued by sanctioned persons;
  • Prohibition on increasing the authorised capital of companies and businesses;
  • Introduction of additional measures in the areas of environmental, sanitary, phytosanitary, and veterinary control;
  • Suspension of trade agreements, joint projects, and industrial programmes in specific sectors, including security and defence;
  • Ban on the transfer of technologies and intellectual property rights;
  • Prohibition on the acquisition of land ownership in Ukraine.

Zelenskiy damage control

The president is now in full damage control mode. Zelenskiy launched a broad shakeup of its state-owned energy companies to tighten governance and restore confidence in a sector.

“This morning, we already held an online meeting with Prime Minister of Ukraine Yuliia Svyrydenko regarding further decisions to clean up and reboot the management of the energy sector and the institutions related to it,” Zelenskiy said.

“We are beginning the overhaul of key state-owned enterprises in the energy sector. Alongside a full audit of their financial activities, the management of these companies is to be renewed. Today, together with Prime Minister Yuliia Svyrydenko and Minister of Economy Oleksii Sobolev, we defined the course of action,” Zelenskiy said.

The first priority is Energoatom, where Zelenskiy demanded that all conditions be set within a week to form a new supervisory board and prepare for a complete renewal of the management board.

At the state-owned hydropower utility, Ukrhidroenergo, the president ordered an urgent open competition for a new chief executive and the completion of its supervisory board. Similar steps were directed for the Gas Transmission System Operator of Ukraine (GTSOU), where both a new CEO competition and finalisation of the supervisory board must begin immediately, the president demanded.

The reforms also extend to Naftogaz, Ukraine’s largest oil and gas company. “Naftogaz of Ukraine – as the current supervisory board's contracts expire in January next year, a competition must be announced and conducted for the new board so that it can start operating in January 2026,” he added. 

Going into detail, the president listed five key tasks: 

• Instructed the Cabinet of Ministers to submit an urgent draft law to the Verkhovna Rada on renewing the composition of the National Energy and Utilities Regulatory Commission.

• Announced the renewal of the leadership of the State Nuclear Regulatory Inspectorate and the State Energy Supervision Inspectorate.

• Directed the Prime Minister to submit a nomination to the Verkhovna Rada for the new Head of the State Property Fund of Ukraine.

• Ordered full coordination with law-enforcement and anti-corruption bodies to renew the Asset Recovery and Management Agency (ARMA) and complete the competition for a new Head of ARMA by year-end.

• Called for a prompt audit and preparation for sale of assets and shares owned by Russian entities or collaborators who fled to Russia, ensuring all such assets are used fully in Ukraine’s interests — supporting defence and contributing to the state budget.

It remains to be seen if these measures will be about to head off the palpable popular disappointment with Zelenskiy. There have already been calls for his resignation over the fracas by his political opponents, but the majority of Ukraine appear to be reluctant to demonstrate and demand a new government while the war is still going on, according to local reports.

SAPO leaks

In the expanding investigation, Ukrainian anti-corruption officials launched a new investigation of possible leaks in the Mindich case, according to the top prosecutor. Mindich skipped the country only hours before NABU raided his home, suggesting that he was tipped off.

Ukraine's Special Anti-Corruption Prosecutor's Office (SAPO) is investigating allegations that its deputy head, Andriy Synyuk, leaked information, according to Ukraine's chief anti-corruption prosecutor Oleksandr Klymenko. The leaks occurred in the two weeks leading up to the November 10 searches at Mindich’s home and office, Ukrainska Pravda reports. An internal probe is under way and a criminal case into the allegations is possible.

NABU has video footage of Synyuk meeting with Oleksiy Meniv, a lawyer who visited Mindich's apartment building in the same two week period. Synyuk has denied leaking any information and said he was friends with Meniv. Synyuk also said that Meniv's former wife and children live in the same house as Mindich.

Backlash

The scandal comes at a very inopportune time for Ukraine, as Brussels attempts to rally its member states to back a €140bn loan for Ukraine, using the frozen $300bn of Central Bank of Russia (CBR) assets as a Reparation Loan. One vote to seize the money, the only money available to fund Ukraine given America’s withdrawal and the rocky state of most European countries, already failed in November and a second vote in December is expected to also fail. In a sign that Brussels doesn’t expect the Reparation Loans idea to fail, European Commission President Ursula von der Leyen floated the idea of an alternative plan for EU member states to extend bridge loans to Ukraine from their own pockets to tide Bankova over in the first part of 2026, Politico reports. Separately, the publication reported that Ukraine will run out of money in April if no new money is found.

Estonia’s former president and ardent Ukraine supporter Toomas Ilves came out unequivocally to call on Kyiv to issue an EU-wide arrest warrant for Mindich as the only acceptable course of action – something that Zelenskiy has avoided doing so far. In a post on X, Ilves said that only Ukraine can initiate the warrant and stressed that doing so is essential if Kyiv hopes to maintain its prospects for joining the European Union, The Kyiv Post reports.

“If Ukraine wishes to have any chance to join the EU it needs immediately to issue an EU wide arrest warrant for Timur Mindich, the man accused of embezzling 100 million Euro and who fled the country just before being arrested. Only Ukraine can issue it,” Ilves said.

The scandal has also been a gift for Europe’s leaders that have long opposed extending more funding to Ukraine.

Hungarian Prime Minister Viktor Orban said in a social media post after the scandal broke: “The golden illusion of Ukraine is falling apart. A wartime mafia network with countless ties to President 
@ZelenskiyUa  has been exposed. The energy minister has already resigned, and the main suspect has fled the country.”

“This is the chaos into which the Brusselian elite want to pour European taxpayers’ money, where whatever isn’t shot off on the front lines ends up in the pockets of the war mafia. Madness,” he added. “Thank you, but we want no part of this. We will not send the Hungarian people’s money to Ukraine. It can be put to far better use at home: this week alone we doubled foster parents’ allowances and approved the 14th month’s pension.”

Domestically, claims that Zelenskiy is implicated have led to calls by his opponents to step down. Former MP and member of the ruling presidential party Servant of the People Oleksandr Dubinskyi tweeted: “It's obvious, it’s time to call for Zelensky’s impeachment over wartime plundering. The evidence is clear - he’s been stealing from the country in its darkest hour.  He must resign.”

However, Dubinskyi is currently in jail on corruption charges and for traitorous Russia-links. But he is also a close associate of the jailed oligarch Ihor Kolomoisky, who funded Zelenskiy presidential campaign. Dubinskyi’s comments highlight the danger of a major political crisis should Zelenskiy be forced to resign and the fractions that would line up to replace him should he fall. Kolomoisky himself blamed Zelenskiy for the scandal and also called for his resignation. 

"He’s an idiot, damn it. What kind of mafia boss could he possibly be?" Kolomoisky told journalists in the courtroom during a hearing about his former business partner Mindich. Kolomoisky suggested that the corruption scheme was orchestrated inside the President’s Office and Mindich was made the “fall guy.”

COMMENT: Finland’s President Stubb lists the three obstacles to a Ukraine ceasefire

COMMENT: Finland’s President Stubb lists the three obstacles to a Ukraine ceasefire
Finland’s President Alexander Stubb listed the three main obstacles to a ceasefire in Urkaine. None of them will be resolved, says bne IntelliNews columnist Leonid Ragozin / bne IntelliNews
By bne IntelliNews November 16, 2025

Finland’s President Alexander Stubb has warned that a ceasefire in Russia’s war against Ukraine is unlikely to materialise before spring, and urged Western allies to sustain support for Kyiv despite recent corruption scandals.

His comments, reported by European Pravda from an Associated Press briefing, underscore lingering strategic hurdles for conflict resolution even as Kyiv becomes mired in the worst political scandal of Ukrainian President Volodymyr Zelenskiy’s tenure.

“I’m not very optimistic about achieving a ceasefire or the beginning of peace negotiations, at least this year,” Stubb said.

Stubb repeated the constant rhetoric of the need to exert “maximum pressure” on Vladimir Putin and the Kremlin to force a shift in their strategic calculus, despite the failure of the world’s most extreme sanctions regime to alter the Kremlin’s policies.

“Putin basically wants to deny the independence, sovereignty and territorial integrity of Ukraine, and these objectives have not changed since the war began almost four years ago,” the Finnish president said.

Nevertheless, his remarks reflect a more subdued assessment of prospects for peace than the firebrand support Ukraine received during the first two years of the war. They come against a backdrop of Ukraine’s political turbulence and the increasingly negative coverage of Ukraine’s performance on the battlefield. Kyiv is grappling with the Energoatom corruption scandal where close associates of the president have reportedly stolen $100mn dollars from the energy sector.

Despite the damning news, Stubb stressed that European support must remain steadfast. He argued that without sustained pressure and unity among allies, Moscow’s intransigence will persist and the war will continue to exact a heavy toll on Ukraine’s infrastructure, economy and societal cohesion.

“Stubb outlined three major issues on the road to a ceasefire: so let’s run through it,” journalist and bne IntelliNews columnist Leonid Ragozin said in a social media post:

Rebuilding the economy: Moscow will likely agree to fund Ukraine’s reconstruction from frozen assets, but last we heard - it will insist on part of these funds to be spent in occupied territories (which suffered most). This is negotiable, but if the EU signs off the reparation credit - forget it. Without the Russian money, Western funding is going to be insufficient - all the Western interest in Ukraine will evaporate as soon as the war is over.”

Security guarantees: Easy one - there won’t be any security guarantees. Ukraine has been duped on this subject since the Bucharest summit. Another Budapest memorandum at best. The best guarantee for Ukraine is the West and Russia agreeing on the new security architecture in Europe.”

“Territorial claims: Putin wants the rest of Donetsk region, but Zelensky wants to lose it *honourably*, in a battle. The risk is the fate of northern Donbas will look sealed by the end of winter, but in the meantime Ukraine will lose swathes of land in Zaporizhzhia, Dnipropetrovsk and Kharkiv. At some point, Putin may add full Zaporizhzhia withdrawal to his conditions. Peskov already said that the current delay in talks will cost Ukraine a deteriorating starting position at the talks,” Ragozin concluded.

Poland’s PM Tusk warns Ukraine risks losing the war with Russia from the expanding corruption scandal

Poland’s PM Tusk warns Ukraine risks losing the war with Russia from the expanding corruption scandal
“I warned Zelensky early in his presidency that Russia and pro-Russian groups in Europe would push the narrative that Ukraine is deeply corrupt. I urged him to watch carefully for any signs of corruption around him," Tusk said in a social media post. / bne IntelliNews
By Ben Aris in Berlin November 16, 2025

Polish Prime Minister Donald Tusk took to social media over the weekend and warned that the expanding Energoatom corruption scandal was undermining support for Kyiv in Europe.

“I warned Zelensky early in his presidency that Russia and pro-Russian groups in Europe would push the narrative that Ukraine is deeply corrupt. I urged him to watch carefully for any signs of corruption around him, because avoiding even the smallest scandal would be crucial for his reputation,” Tusk said on X.

“Today, enthusiasm for supporting Ukraine has weakened in Poland and abroad. People are tired of the war and its costs, so maintaining support is harder,” added Tusk.

The Prime Minister stressed that it’s in Poland’s “clear interest” for Ukraine to remain an independent, well-governed state.

“We will continue to support Ukraine in its defense against Russia, because by helping Ukraine, we also protect Poland,” he said. But, “It will become harder to convince international partners to stand with Ukraine if such corruption cases continue to appear.”

Tusk said he was confident that Ukraine’s leadership is serious about prosecuting those responsible. But added that “the damage is done and the cost will be high.”

“I sincerely urge everyone in Ukraine: guard against corruption and avoid the Russian model, because tolerating such actions could ultimately cost you the war,” Tusk said.


World Nuclear News


Tripling of nuclear capacity is achievable, says World Nuclear Association


The tripling of global nuclear capacity by 2050 can be achieved, provided governments take immediate and sustained action to deliver on their own national targets for nuclear capacity, a report from World Nuclear Association concludes.
 
The Haiyang site in China (Image: SPIC)

On Energy Day at the 2025 United Nations Climate Change Conference, COP30, in Belém, Brazil, World Nuclear Association previewed findings from its forthcoming report, World Nuclear Outlook Report 2025.

The goal of tripling global nuclear capacity by 2050 was endorsed by 31 countries at COP28 and COP29. At the moment there are about 440 nuclear power reactors with a combined capacity of almost 397 GWe operating in 31 countries with at least 70 power reactors under construction, which will add another 77 GWe. Nuclear generation reached an all-time high of 2,667 TWh in 2024.

This study compiles national government targets and goals for nuclear capacity for 2050 and assesses them alongside plans for continued and extended operation of existing reactors, completion of those under construction, and realisation of planned and proposed projects.

The national government targets and goals for nuclear capacity for 2050 total 1,363 GWe. When nuclear capacity operable, under construction, planned or proposed that is not covered by government targets is also included, the total capacity for 2050 comes to 1,428 GWe, exceeding the 1,200 GWe target set in the Declaration to Triple Nuclear Energy. This assumes that the operation of existing reactors is extended up to 80 years.


Assessment of global nuclear capacity (GWe) up to 2050 (Image: World Nuclear Association)

World Nuclear Association says the global capacity projected for 2050 is "heavily dependent on the actions of a small number of countries", with China and the USA's national goals responsible for more than half of the total global nuclear capacity in 2050. When the capacities projected for France, India, and Russia are added to those of China and the USA, these five countries would reach almost 1,000 GWe of nuclear capacity by 2050.

"Meeting these targets presents considerable challenges," World Nuclear Association says. "Construction rates would need to accelerate, with new connection rates in 2050 being more than four times that required in 2030 and double the historic peak connection rates achieved in the mid-1980s.
 
"Achieving these goals would require action from governments and the nuclear industry. It would also require regulatory reform, and access to channelling large amounts of affordable financing to the entire nuclear value chain. Accelerated development will be required for the deployment of small modular reactors (SMRs) and advanced reactor technologies. To support deployment of the reactors, there would need to be strengthened and expanded supply chains and workforce. Significant investment and advances in the nuclear fuel cycle would also be needed, from mining to fuel fabrication, to provide the fuel required to meet the needs of the expanded global nuclear capacity."

Speaking from COP as part of the launch of World Nuclear Outlook 2025, World Nuclear Association Director General Sama Bilbao y León said: "Our analysis indicates that at least tripling nuclear capacity by 2050 is achievable with the timely action of bold global industry leaders, forward-thinking governments, and an increasingly engaged civil society. This is our chance to build a cleaner, more secure energy future for everyone everywhere, powered by affordable 24/7, low-carbon nuclear energy."

"Earlier this week IEA’s World Energy Outlook 2025, said 'a common element across its scenarios is the revival of fortunes for nuclear energy', recognising the tripling target," World Nuclear Association said. "At the same time, IEA scenarios, including its Net Zero Emission case of 1,079 GWe by 2050, fall short of the ambition in the Declaration to Triple Nuclear and World Nuclear Association’s most recent stocktake. The best available industry data, reflecting the scale of government ambition for nuclear energy, are now compiled in the World Nuclear Outlook Report 2025, and are ready to be considered in future scenarios."

The full report will be published later this year. A preview summary of the report can be found here and a presentation by Jonathan Cobb, the lead author of the report, can be viewed here.


Study evaluates potential market for SMRs in industrial sector


The small modular reactor market could support the decarbonisation of at least 11 industrial sectors that make up the majority of industrial energy demand by 2050 in North America and Europe with a potential market of 700 GW by 2050, a study by LucidCatalyst has concluded.
 
(Image: Urenco / LucidCatalyst)

Commissioned by uranium enrichment services provider Urenco, the study - titled A new nuclear world: How small modular reactors can power industry - analyses the energy demands of 11 industries representing 80% of industrial energy use, going beyond data centres to examine where SMRs can make a tangible impact on industrial energy delivery, and quantifies how changes in delivery models and market drivers can expand SMR market access. The report is supported by World Nuclear Association.

"Data centres, chemicals, and coal repowering (i.e., coal-to-nuclear transition) are expected to drive near-term demand, with synthetic aviation fuels representing the largest long-term opportunity," the study says. "Without SMRs, these industrial sectors may face constrained growth or be forced to default to carbon-intensive alternatives due to the lack of clean, reliable energy. Despite this large potential market, only 7 GW would be deployed by 2050 under current deployment trends."

Four supply scenarios are presented: the Current Scenario, which reflects limited deployment based on current supply capabilities; the Programmatic Scenario, which achieves moderate growth through sustained government support and enhanced project management; the Breakout Scenario, which achieves scalable, predictable, and low-cost delivery through shipyard manufacturing; and the Transformation Scenario, with full re-engineering of nuclear technology into a mass-manufactured product, representing approximately 2,300 reactors of 300 MW capacity, where the entire project delivery process is designed for manufacture and assembly.

In addition, for each supply scenario, four demand scenarios are evaluated, reflecting different policy environments and levels of customer value recognition for nuclear energy. These scenarios assess how varying long-term gas prices (Energy Cost scenario), energy security premiums (Security scenario), and different degrees of policy support and decarbonisation commitment (Announced Pledges and Net Zero scenarios) affect the size of the accessible SMR market.

The study found that SMRs are a strong technical match for the energy needs of the industries considered, and could supply up to about 15,000 TWh or 2,200 GW of their demand.

The study also found that manufacturing innovation is key to unlocking the full potential of the SMR market. Improvements to current construction methods (the Programmatic supply scenario) could achieve 120 GW by 2050. However, evolving to full mass manufacturing (the Transformation supply scenario) could enable nearly 700 GW deployment, representing a USD0.5–1.5 trillion investment opportunity.

"This 700 GW of accessible SMR market represents nearly double the current global nuclear capacity, and would expand nuclear capacity beyond the projected goal to triple conventional deployment by 2050," the report says. "The top five SMR accessible markets, representing more than 75% of the 700 GW opportunity, are synthetic aviation fuels (203 GW), coal plant repowering (110 GW), synthetic maritime fuels (90 GW), data centres (75 GW), and chemicals (55 GW). Sectors such as food & beverage (43 GW), iron & steel (33 GW), upstream oil & gas (33 GW), and district energy (33 GW) also represent sizable opportunities, with district energy being particularly relevant in Europe."

It adds: "Serving the 700 GW potential market will require the transformation of the nuclear delivery model from bespoke construction projects to programmatic construction or manufacturing-based delivery. This transformation increases the effective demand for, and the ability to supply, nuclear projects."

According to the study, simultaneous improvement across these Six Critical Market Drivers can enable the evolution of nuclear delivery models and expand market penetration for SMRs: delivery innovation through product-based manufacturing; regulatory evolution toward product-based licensing; economic viability through policy support; site availability through pre-qualification programmes; capital access from mainstream financing; and developer ecosystem maturation with proven delivery track records.

"The gap between today's 7 GW and tomorrow's 700 GW is bridgeable," the study concludes. "The technology exists. The industrial demand is urgent. The policy momentum is building. The delivery models are emerging ... The opportunity is massive. The pathway is clear. The transformation is achievable. The time to act is now."

Urenco Group CEO Boris Schucht said: "Decarbonising industry presents a tremendous challenge that we must all embrace if we are to achieve net-zero by 2050 or sooner. We believe the new-nuclear SMR market holds one of the solutions to this problem: flexible, adaptable, safe technologies that can produce clean energy consistently and affordably. This study acknowledges that with a strong focus on enabling delivery, SMRs can be maximised to their fullest and most competitive potential, significantly enhancing the ability of the nuclear industry to make an important contribution to energy security and net-zero goals."

"We're witnessing a transformation in how nuclear energy services can be delivered to industrial customers," Kirsty Gogan, Managing Partner of Lucid Catalyst, said. "The innovations in manufacturing, licensing, and siting that this study identifies as being critical for enabling scale are already emerging in the market. With the right policy support and industry coordination across six critical areas, small modular reactors can provide a net-zero solution for energy-intensive industries requiring highly reliable, competitive, and scalable, emissions-free heat and power."

King Lee, Head of Policy and Industry Engagement at World Nuclear Association, added: "This study highlights the scale of opportunity for nuclear energy to support decarbonisation of a wide range of industrial sectors. To realise the full potential of nuclear energy would require new regulatory frameworks and production and deployment models to unlock the economy and scale of implementation far beyond current projections."

US affirms support for Korean uranium enrichment

President Lee Jae Myung of the Republic of Korea and US President Donald Trump have issued a joint briefing which includes US support for South Korea's pursuit of uranium enrichment and used fuel reprocessing, as well as a project to build nuclear-powered submarines.
 
Presidents Trump and Lee pictured during the state visit (Image: Office of the President of South Korea)

The briefing, issued on 13 November by the White House and the Office of the President of the Republic of Korea, follows Trump's 29 October state visit to Korea at which the two presidents "declared a new chapter in the US-ROK Alliance, the linchpin for peace, security and prosperity on the Korean Peninsula and in the Indo-Pacific region".

The factsheet reaffirms a USD350 million strategic trade and investment deal announced in July and outlines commitments on a range of trade and security issues, with South Korea saying it welcomes US support for its civil and naval nuclear power programmes.

"Consistent with the bilateral 123 Agreement and subject to US legal requirements, the United States supports the process that will lead to the ROK’s civil uranium enrichment and spent fuel reprocessing for peaceful uses," the briefing states.

"The United States has given approval for the ROK to build nuclear-powered attack submarines. The United States will work closely with the ROK to advance requirements for this shipbuilding project, including avenues to source fuel."

Formal cooperation agreements are required between countries that want to trade nuclear power goods and services, and those involving the USA are called 123 Agreements after the paragraph of the country's 1954 Atomic Energy Act which requires them.

South Korea is a prominent nuclear energy country - 26 reactors, totalling about 26 GWe of capacity, provide around one-third of its electricity, and South Korean nuclear technology is exported widely - but the terms of its 123 Agreement dating back to 1974 had constrained it from pursuing uranium enrichment or fuel reprocessing.

A 20-year extension, agreed in 2015, allowed a little more freedom and opened up the possibility of future enrichment through consultation with the USA, according to information from World Nuclear Association, and a high-level bilateral commission was set up for ongoing discussions.

Belarus to build third unit at nuclear power plant

Belarus has decided to build a third unit at its first nuclear power plant - and is also going to start surveys for a second plant which may be needed to meet future energy demands.
 
The Belarusian nuclear power plant, built at Ostrovets (Image: Rosatom)

The decision was taken at a meeting on Friday, hosted by President Alexander Lukashenko. The government has stressed the need for new capacity and studies have been carried out to decide whether that will be in the form of a new unit at the country's first nuclear power plant, in Ostrovets, or at a new site in the east of the country.

Lukashenko, according to an account of the meeting on the President's website, noted that the population of Ostrovets had nearly doubled to 15,000 people with many high quality jobs and "graduates from energy faculties dream of getting a job there".

He said that the option of building a third unit at the existing plant had the benefits of an already approved site as well as a skilled workforce and the necessary social infrastructure: "The ground conditions there have already been thoroughly studied. There is no need for any additional surveys."

Although the option of building a new nuclear plant would cost more, it had the benefits that it could "transform the eastern region from a backwater into a highly developed territory of Belarus. This means new jobs, investment, innovative projects, and new technologies", he said.

Vice Premier Viktor Karankevich said the decision to go ahead with the third unit at Ostrovets would also be matched by work to survey potential sites in Mogilev Oblast, in the east of the country, with the possibility of more new capacity in that region if energy demands supports it.

(Image: Belarus President's Office)

During the meeting, the performance of the existing nuclear power plant was reviewed, five years after the first unit came online.

Lukashenko said: "The construction of the nuclear power plant not only strengthened our energy security, but also determined the further development of Belarus as a high-tech state ... we have provided ourselves with a source of affordable, environmentally friendly energy for decades to come, and have achieved an economic and environmental effect."

He also stressed the electrification of the country, in heating and transport, and said that according to surveys, public support for nuclear energy in the country had risen from 60% before the Ostrovets plant was built, to more than 80% now.

The Belarus nuclear power plant has two VVER-1200 reactors and is located in Ostrovets in the Grodno region in the northwest of the country. A general contract for the construction was signed with Russia's Rosatom in 2011, with first concrete on the first unit in November 2013. Construction of unit 2 began in May 2014. The first power unit was connected to the grid in November 2020, with the second unit put into commercial operation in November 2023. More than a quarter of Belarus's electricity is now generated by nuclear.

Rosatom reported that its Director General Alexey Likhachev held talks on Thursday with Alexander Turchin, Prime Minister of Belarus at which "the two sides discussed in detail possible options for the further development of Belarus's nuclear energy sector".


Interactive: Global Uranium Demand


While nations need reliable, low-carbon energy to meet rising demand and reach climate goals, nuclear power is staging a powerful comeback.

Our latest interactive graphic surveys the global nuclear energy landscape—identifying which regions host the most reactors in operation and under construction, and how much uranium is required to keep them running.