MOSCOW, June 7 – The construction of a nuclear fuel plant in Ukraine will be 70% financed using borrowed funds, said Vasily Konstantinov, vice president of Russia's TVEL.

"At a recent meeting between Sergey Kirienko [head of Rosatom] and Yuriy Boyko [Fuel and Coal Industry Minister of Ukraine] it was decided that 30% of the financing will be the capital of shareholders from Ukraine and TVEL, and the rest of the financing would be borrowed funds," he told reporters in Moscow on the sidelines of the AtomExpo 2012 forum.