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Russia planning lucrative uranium deals with USA

Russia sees 2010 uranium deals with U.S. utilities
MOSCOW, Dec 25 (Reuters) by Dmitry Solovyov; Editing by Mike Nesbit– Russia’s state uranium trader Techsnabexport (Tenex) will sign next year at least three deals worth around $1 billion to supply uranium directly to U.S. utilities, Russia’s state nuclear firm Rosatom said on Friday.

Russia has long sought direct deals with U.S. utilities.

Analysts say this would be more profitable for Moscow than the current programme set up in 1993 and aimed to encourage a nation still rebuilding after the Cold War to extract and use fuel from dismantled warheads………….

Without taking into account the “Megatons to Megawatts” programme, Russia’s portfolio of foreign orders for five-year supplies of uranium now stands at more than $8 billion, AtomEnergoProm said.

Russian Prime Minister Vladimir Putin ordered the government this week to allocate 14.2 billion roubles ($470.2 million) to Rosatom, which would allow Russia to boost its position on the world nuclear energy market through acquisitions of uranium deposits abroad.

Russia sees 2010 uranium deals with U.S. utilities

December 26, 2009 - Posted by Christina Macpherson | business and costs, Russia | antinuclear, nuclear, nuclear costs, nuclear secrecy, nuclear weapons, uranium