Ukraine marks 40th Chornobyl anniversary amid fears war with Russia could repeat disaster

Ukraine marked the 40th anniversary of the Chornobyl disaster amid renewed fears that ongoing military activity in the region could risk a repeat of the nuclear catastrophe. The heightened concern stems from potential damage to nuclear infrastructure from shelling or troop movements, particularly around the Zaporizhzhia plant, which remains under Russian control. This raises the risk of radiological incidents that could trigger regional contamination, prompting capital flight from Ukrainian and Russian assets due to increased geopolitical and operational uncertainty. The primary transmission channel is geopolitical risk escalation, affecting sovereign bonds, local equities, and regional energy infrastructure. Traders will closely watch IAEA reports on the safety and security status of Ukraine’s nuclear facilities as a key near-term catalyst.

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