You're reading: Use of Chornobyl funds to be tightly controlled, says Ukrainian president

The allocation of the funds raised for the Chornobyl projects during the April 19 donor conference in Kyiv will be tightly monitored, Ukrainian President Viktor Yanukovych has said.

"As for control over the use of funds – it will be monitored by both international institutions and the principal organization that is in charge of funding and controlling the use of the money – the European Bank for Reconstruction and Development," he told reporters at Chornobyl on Wednesday.

According to preliminary data, some EUR 550 million was raised for the Chornobyl projects during the donor conference.