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WHAM Nuclear Powr AFf Final

WHAM Nuclear Powr AFf Final

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Published by: AffNeg.Com on Jan 08, 2009
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Non-unique - The US is dramatically increasing its energy reliance on Russia with this new deal

Novosti, Russian International News Agency, 02/ 02/ 2008 KP

Russia and the United States have signed a trade deal allowing Russia to boost enriched uranium
exports to the U.S., Russian state nuclear agency Rosatom said Saturday
. Rosatom director Sergei
Kiriyenko made a one-day working visit to the United States on Friday, meeting in Washington with U.S.
Energy Secretary Samuel Bodman and Commerce Secretary Carlos Gutierrez. He also met with chief
executives of U.S. energy companies affiliated with Ad Hoc Utilities Group, an industrial group comprised of
owners and operators of U.S. nuclear power plants. "The deal is worth $5-6 billion over the next 10
," said Kiriyenko, after signing the document together with Carlos Gutierrez. The deal allows for sales
of Russian enriched uranium directly to U.S. utilities. Previously, such direct transactions were not
. Gutierrez said: "The agreement will encourage bilateral trade in Russian uranium products for
peaceful purposes. It will also help to ensure that U.S. utilities have an adequate source of enriched
uranium for U.S. utility consumers." A Rosatom spokesman said with the new trade deal the volumes
of direct deliveries of uranium enrichment services may total 20% of the market
. Under the deal,
Russian uranium exports to the U.S. increase slowly over a 10-year period, beginning in 2011, when
shipments would be allowed to reach 16,559 tons. Last September, the United States Court of
International Trade lifted discriminatory, anti-dumping restrictions on Russian low-enriched uranium
(LEU) supplies, ordering, the U.S. Department of Commerce within 60 days to cancel a 112% duty on
Russian low-enriched uranium used by some 50% of U.S. nuclear power plants. Russia currently
exports uranium to the U.S. duty free via the United States Enrichment Corporation (USEC), a special
intermediary agent, under a conversion program called HEU-LEU
. The HEU-LEU contract, also known
as the Megatons to Megawatts agreement, was signed in February 1993 and expires in 2013. It aims to
convert 500 metric tons of high-enriched uranium (HEU), the equivalent of approximately 20,000 nuclear
warheads, from dismantled Russian nuclear weapons into low-enriched uranium (LEU), which is then
converted into nuclear fuel for use in U.S. commercial reactors.

SDI 2008

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