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Wednesday, June 11, 2008

EBRD to help Russia clean up nuclear legacy

The European Bank for Reconstruction and Development (EBRD) has granted Russia over 70 million euros for disposing of scrapped nuclear ships and submarines moored at naval bases in Russia's northwest.

Russia's state nuclear corporation (Rosatom) and the EBRD signed four relevant agreements on June 5.

The EBRD is managing the Northern Dimension Environmental Partnership (NDEP) Support Fund in the Baltic and Barents Seas. The concept was developed in 2001, when Russia and the international community decided to collaborate in dealing with the serious environmental problems in Russia's northwest.

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