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LAW OF UKRAINE

of June 24, 2004 No. 1868-IV

About streamlining of the questions connected with ensuring nuclear safety

(as amended on 28-07-2021)

This Law determines the legal and organizational principles of financial provision of activities for the termination of operation and to removal from operation of nuclear installations.

Section I. General provisions

Article 1. Determination of terms

The terms used in this Law have the following value:

the financial provision is the means of target financing and target receipts created by the operating organization (operator) during implementation of operation of nuclear installation by it on the special account in the State Treasury of Ukraine and the project developments of removal from operation of the corresponding nuclear installation and the measures provided by this project used for the purpose of financing;

the special account - the account which opens in the State Treasury of Ukraine for the purpose of forming of financial provision and implementation of settlement and cash transactions for financing of the measures provided by this Law.

The terms "the operating organization (operator)" and "nuclear installation" for the purposes of this Law are used in the value provided by the Law of Ukraine "About use of nuclear energy and radiation safety".

The terms "radioactive waste" and "specialized enterprise according to the treatment of radioactive waste" for the purposes of this Law are used in the value provided by the Law of Ukraine "About the treatment of radioactive waste".

Article 2. Law task

The main objective of the Law is:

legal regulation of the financial and economic relations arising in connection with the termination of operation and removal from operation of nuclear installations;

determination of form of business of forming of financial provision for the purpose of the termination of operation and removal from operation of nuclear installations;

ensuring target and effective use of means of financial provision for the termination of operation and removal from operation of nuclear installations.

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