MOSCOW, Russia -- In a further sign of the rapprochement between the two countries, Russia has agreed to provide financial and technical support to build two reactors at a nuclear power plant in Ukraine
Sergei Kiriyenko, the head of Russian nuclear agency Rosatom, and Ukrainian Energy Minister Yuri Boiko signed an agreement in Kiev on Wednesday on cooperation in the construction of the third and fourth power generating units for the Khmelnitsky nuclear power plant.
Prime Ministers of the two countries had reached an understanding when they met in the Russian Black Sea resort of Sochi on April 30.
Rosatom will finance the project with a loan of 4.1 billion euros ($4.9 billion).
Russian firm Atomstroiexport has won the contract to build the nuclear reactors in the Ukrainian city on the Southern Buh River.
The deal comes a day after Russia's Deputy Prime Minister Sergei Sobyanin said in Moscow that his country was set to steadily boost nuclear power production and was prepared to build nuclear power plants abroad.
The Bushehr nuclear power plant in Iran, being built with the backing of Moscow, is set to go on-stream in August.
Recently, Moscow signed a deal with Ukraine to exclusively supply the country's four nuclear power plants with reactor fuel.
Around half of Ukraine's electricity needs are met by four nuclear power plants in the country.