President of National Nuclear Generating Company Energoatom Yuriy Nedashkovsky has predicted that the Ukrainian-Russian joint venture – private joint-stock company Nuclear Fuel Fabrication Plant, will go bankrupt.

"Nuclear Fuel Fabrication Plant is eating its last money, and I think that in the near term it will start bankruptcy procedure," he told reporters.

Nedashkovsky said Russia did not fulfill its liabilities on the conditions of the transfer of fuel assembly production technology.

"Ukraine cannot finance without receiving the technology, and Russians simply did not fulfill their liabilities as far as I know. The condition was the transfer of the technology…The technology should be transferred without any restrictions and without pegging it to Russian enrichment facilities. They started restricting all these and did not pass the technologies. Of course, Ukraine does not see the necessity of investing in the enterprise in the future," he said.

As reported, in July 2014 Deputy Energy and Coal Industry Minister of Ukraine Vadym Ulida said that some conditions of the agreement signed by Nuclear Fuel Concern and Russia's OJSC TVEL on the construction of the nuclear fuel fabrication plant did not suit Ukraine. He said Ukraine had questions about the format of cooperation and license conditions.