Ukraine's Sayenko Kharenko acted as legal counsel to the Russian JSC VTB Bank on a USD 40 million export loan facility to the National Nuclear Energy Generating Company of Ukraine (dba "Energoatom"), the Ukrainian state enterprise that operates all four nuclear power plants in Ukraine.
Ukraine is ranked seventh in the world and fifth in Europe in terms of number of nuclear reactors operated, total capacity, and electricity produced. The loan was provided for a year and the funds raised will be used for the purchase of nuclear fuel. Sayenko Kharenko’s team working on the transaction included Partner Nazar Chernyavsky, Senior Associate Olexander Olshansky, and Associate Orest Matviychuk.