The money will be transferred to Russia through the Swedish Nuclear Power Inspectorate and the Swedish Radiation Protection Institute. The cooperation covers four main areas: reactor safety, waste management, radiation protection and preparedness. Among the projects that will receive financing are a number of security enhancement initiatives at the Kola and Leningrad nuclear power plants. The support also includes a preliminary study for managing radioactive waste, initiatives to facilitate monitoring and control of radioactive discharges and Nordic coordination with Russian authorities in issues of preparedness.

Much of the work will take place in consultation with the European Union and the European Bank for Reconstruction and Development.