Europe’s largest nuclear power plant suffered a fire as Russian troops began shelling the facility in eastern Ukraine early Friday, Ukrainian officials said, prompting global stocks to sink as the nation’s top diplomat warned of a potential disaster worse than Chernobyl.
Ukraine’s Foreign Minister Dmytro Kuleba called on Russia’s military to immediately halt firing on the plant and to allow a security zone to be established in a message posted to Twitter. President Joe Biden spoke with Ukrainian President Volodymyr Zelenskiy as reports emerged about the attack on the nuclear plant, a White House official said.
Mariano Grossi, director general of the International Atomic Energy Agency, spoke with Ukrainian authorities about the nuclear power plant and warned of “severe danger” if its reactors were hit.
Concern about the situation at the facility dragged down stocks and prompted a rush into haven assets. S&P 500 Index futures dropped 1.3% while Treasuries gained with gold. West Texas Intermediate oil jumped more than 4%. The dollar and the yen strengthened.