Chernobyl to gain from revised EBRD plan
By Stefan Wagstyl in London
Published: April 17 2008 02:26 | Last updated: April 17 2008 02:26
The European Bank for Reconstruction and Development is dropping plans to pay dividends to its 60-odd shareholder governments and will instead put the money to securing the safety of the stricken Chernobyl nuclear plant.
In a surprise move, the US, the biggest supporter of the controversial payout proposal, has backed down and joined European Union states and the countries of eastern Europe and the former Soviet Union in backing the Chernobyl plan.
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