KIEV, March 12 – The European Bank for Reconstruction and Development has decided to participate in a comprehensive safety upgrade program for the operating nuclear power units of Ukraine with a EUR 300 million loan.

The EBRD's Board of Directors decided on the loan on Tuesday evening, the EBRD said in a statement.

"The program will bring the fleet of Ukraine's nuclear power plants in line with international safety standards, including those of the International Atomic Energy Agency," reads the statement.