Russia Ready To Establish Nuclear Fuel Bank By Year End

March 10, 2010 10:47 AM

MOSCOW, March 10 (Bernama) -- Russia will provide the first batch of low-enriched uranium for an international nuclear fuel reserve bank by the end of 2010, Russia's News Agency (RIA Novosti) reported Tuesday.

The bank, under the control of the United Nations nuclear watchdog, has earlier proposed to establish international reserves of low-enriched uranium (LEU) to ensure stable fuel supplies to the International Atomic Energy Agency (IAEA) member countries in case of emergency including "insurmountable political difficulties, the Head of Russia's state-run nuclear power corporation Rosatom Sergei Kiriyenko said.

Russia proposed in 2007 the creation of a nuclear center with LEU reserves in Angarsk, 5,100 km about (3,170 miles) east of Moscow, to enable countries including Iran to develop civilian nuclear power without having to enrich their own uranium.

Russia has pledged to give access to the reserves to any IAEA member country that honours its non-proliferation commitments. The IAEA Board of Governors approved the establishment of nuclear fuel reserve bank in November 2009.

Source: http://www.bernama.com/bernama/v5/newsworld.php?id=481160

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