‘The international community must boycott the Russian nuclear industry’
“The Russian nuclear company Rosatom is not just another energy company. It is a state within the state, and a political instrument for the Kremlin. ...
News
US to pay Russia more in HEU-LEU agreement
Publish date: February 23, 2009
Shortcuts on this page
News
US to pay Russia more in HEU-LEU agreement
USEC and Techsnabexport, or Tenex, have agreed to amend the pricing methodology used for the final years of the US-Russia high-enriched uranium agreement, USEC said in a February 20 filing with the US Securities and
Exchange Commission.
USEC estimated that under the new methodology, the total
amount Russia receives under the 20-year contract, which expires at the end of 2013, "will substantially exceed $8 billion," the Platts financial newswire reported the filing as reading.
In a filing a year ago, USEC said the contract allows adjustments to be made after 2007 to ensure that
Tenex "receives at least approximately $7.6 billion." USEC also said, "We do not expect that any adjustments will be required."
The amendment applies to deliveries in the years 2010-2013. The amendment must be approved by the US and Russian governments, USEC said. USEC and Tenex are their governments’ executive agents for the HEU agreement, Platts reported.
More News
All news
What Rosatom’s third year at war tells us
This op-ed originally appeared in The Moscow Times. If Russia’s state nuclear corporation, Rosatom, is to be believed, 2024 was a banner year.&nbs...
Norway opens new Arctic oil fields – named after sea ice phenomenon that the very same oil will contribute to melting
Earlier this month, Norwegian state-owned petroleum company Equinor (with partners Vår Energi and Petoro) started production at a new Arctic site, wi...
Russia’s Chernobyl-style reactors to keep operating until the end of the decade
Recent announcements by Russian nuclear officials that they will extend the runtimes of several Chernobyl-style RBMK nuclear reactors shed light on t...