Britain will guarantee a £192m (€224m, $245m) finance deal for Ukraine to buy nuclear fuel from producers including British companies and end its reliance on Russia, British energy minister Grant Shapps announced during a visit to Kyiv.

The UK will provide the loan guarantee to Ukraine’s national nuclear company, Energoatom via the UK’s export credit agency, UK Export Finance.

Through the deal, UK-headquartered nuclear enrichment company Urenco will supply Energoatom with uranium enrichment services that are vital for nuclear fuel, with Ukraine’s 15 nuclear power plants usually generating over half of the country’s electricity.