Russia says Ukraine planning ‘provocation’ at nuclear plant; Kyiv dismisses accusation

Members of the State Emergency Service attend nuclear disaster response drills amid shelling of Zaporizhzhia Nuclear Power Plant, as Russia’s attack on Ukraine continues, in Zaporizhzhia, on Wednesday. (Reuters)
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Updated 18 August 2022
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Russia says Ukraine planning ‘provocation’ at nuclear plant; Kyiv dismisses accusation

  • A Ukrainian official dismissed what he depicted as a cynical assertion by Moscow
  • Russian forces should leave the plant they captured soon after invading Ukraine nearly six months ago

LONDON: Russia said on Thursday there was a risk of a manmade disaster at Ukraine’s Zaporizhzhia nuclear power plant and accused Kyiv and the West of planning “provocation” there on Friday during a visit to Ukraine by UN Secretary General Antonio Guterres.
A Ukrainian official dismissed what he depicted as a cynical assertion by Moscow and said Russian forces should leave the plant they captured soon after invading Ukraine nearly six months ago, demine it and remove any munitions stored there.
The Zaporizhzhia nuclear reactor complex (ZNPP), the largest in Europe, has come under repeated shelling, with both Moscow and Kyiv trading blame.
Russia says Ukrainian forces are recklessly firing at the plant, but Ukraine says Russia is deliberately using the reactor complex as a base to launch attacks against its population.
Russia’s foreign ministry said at a news briefing that a proposal from Guterres to demilitarise the area around the plant was “unacceptable.”
Russian defense ministry spokesman Igor Konashenkov told reporters Moscow was taking measures to ensure safety at the complex and denied it had deployed heavy weapons in and around the plant.
However, the ministry said a shutdown of the plant might be attempted if shelling continued.
Yevgeny Balitsky, head of the Russian-installed administration in Zaporizhzhia region, said earlier there was a risk that shelling could damage the cooling system of the reactor complex and was quoted as saying the plant was operating with only one unit.
It is not clear how the plant would be shut down, but the ministry said two of the plant’s six units may be put into “cold reserve.” The plant accounts for one-fifth of Ukraine’s annual electricity production.
Ukrainian state nuclear energy company Energoatom said shutting down the plant would increase the risk of “a radiation disaster at the largest nuclear power plant in Europe.” Disconnecting the complex’s generators from Ukraine’s power system would prevent them being used to keep nuclear fuel cool, in the event of a power outage at the plant, it said on the Telegram messaging app.

’PROVOCATION’
The Russian defense ministry accused Ukraine and what it called its “US handlers” of trying to stage a “minor accident” at the plant in southern Ukraine to blame Russia.
It said the “provocation” was timed to coincide with a visit to Ukraine by UN chief Guterres, who arrived in Lviv or Wednesday and was due to visit the Black Sea port of Odesa on Friday, and that it may involve a radiation leak.
Reuters could not verify Russia’s assertion.
Mykhailo Podolyak, an adviser to Ukrainian President Volodymyr Zelensky, dismissed the Russian defense ministry’s remarks, saying it “laughs cynically.”
“There is a solution. You just need to take the (munitions)out of the halls, demine the buildings, release the plant’s personnel from cells, stop shelling (the southern city of) Nikopol from (the plant’s) territory and leave the station,” he wrote on Twitter.
In a briefing, Igor Kirillov, head of Russia’s radioactive, chemical and biological defense forces, said the plant’s back-up support systems had been damaged as a result of shelling.
Kirillov presented a slide, showing that in the event of an accident at the plant, radioactive material would cover Germany, Poland and Slovakia.
Guterres, who is set to meet Zelensky later on Thursday, has called for a halt to all fighting near the plant.


Britain needs ‘AI stress tests’ for financial services, lawmakers say

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Britain needs ‘AI stress tests’ for financial services, lawmakers say

  • Lawmakers urge AI-specific stress tests for financial firms

LONDON: Britain’s financial watchdogs are not doing enough to stop artificial ​intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to ‌publish detailed guidance ‌by the end of 2026 on how ‌consumer ⁠protection ​rules apply to ‌AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.

TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’

A race among banks to adopt agentic AI, which ⁠unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the ‌FCA told Reuters late last year.
About three-quarters ‍of UK financial firms now use ‍AI. Companies are deploying the technology across core functions, from processing insurance claims ‍to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts ​contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech ⁠giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ‌ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.