The agreement stipulates allocation of 360m euro from 2005 to 2013. The Russian-Italian agreement is a part of the Italian Global Partnership pledge. The agreement was approved in June by the Russian Parliament. The Russian President signed it on July 1, ITAR-TASS reported.

Italian Sogin Spa Company will take part in the dismantling projects in Russia. The company provides safety at the four Italian nuclear reactors shut down in 1987 after the referendum. The Italian company will take part in the dismantlement of vessels, radioactive waste treatment, transport and storage of spent nuclear fuel, physical security measures, and infrastructure, ITAR-TASS reported.