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

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"USEC said that the SWU operation has eliminated 425 metric tons of highly enriched uranium, the equivalent of 17,000 nuclear warheads."

OilPrice, 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 $7.2B for its work in separating fissile uranium for use in civilian nuclear power plants from Soviet-era nuclear warheads.

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 uses natural uranium in an admixture to dilute the weapons-grade uranium.

USEC said that the SWU operation has eliminated 425 metric tons of highly enriched uranium, the equivalent of 17,000 nuclear warheads. . .View Full Article

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