AVELLUM Advises Ministry of Finance of

Ukraine on State-Guaranteed USD250 Million Loan to Energoatom

AVELLUM acted as the

Ukrainian legal counsel to the Ministry of Finance of Ukraine on the

state-guaranteed USD250 million loan extended to State Enterprise National

Nuclear Energy Generating Company “Energoatom”.=

The loan is funded through

the issuance of loan participation notes in the United States capital markets,

arranged by Merrill Lynch, Pierce, Fenner & Smith. Overseas Private

Investment Corporation, a United States Government agency, has issued an

insurance policy on the loan.

The loan proceeds will be

used to finance the construction of a central storage facility for the spent

nuclear fuel produced by three nuclear power plants in Ukraine. The facility

will be located in Chornobyl exclusion zone. Once fully operational, the

central storage facility will create a safe environment for processing,

storing, and safeguarding significant quantities of spent nuclear fuel.

The AVELLUM team was led by senior partner Glib Bondar, with

support from counsels Taras Dmukhovskyy and Vadim Medvedev, senior associate

Anna Melnychuk, and associates Orest Franchuk, Oleg Krainskyi, Oleksii Maslov,

and Vladyslav Aleksandrov.