The head of the Energoatom state enterprise Yuri Nedashkovski asks the Cabinet of Ministers of Ukraine to check the information about VostGOK abuse when selling uranium to the company.

The company has been buying all the uranium oxide concentrate from VostGOK on the basis of the 2008 agreement at the price determined by the Ministry for energy and coal industry.

In June the State Security Service of Ukraine initiated criminal proceedings on the accusations of Vostochny Mining and Processing Works and Energoatom officials of causing $10 million losses to the state. According to the Security Service, in 2014 VostGOK purchased $18 million worth of uranium concentrate from a company that it had created abroad at $90 per kg.

But in the official documents the price was changed to $138 per kg. Later this concentrate was sold to Energoatom within the contract of buying Ukrainian products. And Energoatom claimed it had purchased the concentrate produced by VostGOK.

Now Nedashkovsky says he doesn’t care if VostGOK produces this concentrate on its own or buys raw materials from someone.

“If VostGOK mines 1 thousand tons of its own uranium concentrate and buys some 500 tons of raw materials, this is still 1.5 thousand tons of uranium concentrate. The cost of this concentrate is what we would pay less to Russia, since it was produced in Ukraine or somewhere else. If we stop buying raw materials elsewhere, we would have to pay this to Russia”, explained the Energoatom director. (Ukrainian metal)

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