The state-owned nuclear concern, which would have been called Ukratomprom, would have been created through the integration of Ukraine’s national atomic energy enterprise Energoatom and a number of other regional nuclear fuel businesses, the publication reported.

The strategic decision was originally announced by the Ukrainian cabinet of ministers in December 2006, but has been suspended due to concerns that this would lead to the privatization of property, which would in turn lead to the alienation of the grouped state-run enterprises, The National Radio Company of Ukraine revealed.

The government was especially concerned that nuclear power plants would become alienated and therefore less likely to continue to contribute to the region’s energy security. The government believed that this could pose a threat to economic security, The National Radio Company of Ukraine reported.