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Russia and US Sign $5 billion Uranium Deal

February 4th, 2008 · No Comments · Russia Trade

The US and Russia have signed a Russia trade deal to export $5 billion worth of uranium to the US over the next 10 years according to Xinhua News.

The Russian trade deal is aimed to encourage bilateral trade with the US and the uranium is intended for peaceful purposes.

Essentially, the agreement will allow Russia to convert 500 metric tons of high-enriched uranium (HEU) from dismantled Russian nuclear weapons into low-enriched uranium (LEU) which will then be used for US fuel consumption.

The 500 metric tons of high-enriched uranium (HEU) is the equivalent of 20,000 nuclear warheads.

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