U.S. Pays Russia $7.2 billion for Separating Uranium from Warheads

U.S. Pays Russia $7.2 billion for Separating Uranium from Warheads

from OilPrice.com Daily News Update by peixej@oilprice.com (Joao Peixe )

Under terms of the U.S.-Russian two-decade old “megatons-to-megawatts” agreement, the United States Enrichment Corporation (USEC) has reimbursed the Russian Federation more than $7.2 billion for its work in separating fissile uranium for use in civilian nuclear power plants from Soviet-era nuclear warheads.
The figure was included in a statement released by USEC the payment is for the Russian separative work units (SWU) component of extracting low enriched uranium from dismantled nuclear warheads delivered to the USEC since 1995.
OJSC Techsnabexport (Tenex) is the Russian Federation government's intermediary for the agreement.  According to terms of the contract, which expires in two years, OJSC
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