Today many states have begun to realize the importance of nuclear energy
In 1994 Russia and the United States signed HEU-LEU or “Megatons to Megawatts” Agreement envisaging processing of highly enriched uranium extracted from Russian nuclear weapons into low enriched uranium for further supply to the United States. The agreement was not very profitable for Russia. Later, our country faced even more serious antidumping restrictions.
The signing of an amendment to the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation by the head of Rosatom Sergey Kiriyenko and US Secretary of Commerce Carlos Gutierrez is a constructive step. It allows us to revise our price policy and to get one more niche on the market.
Since the conclusion of the HEU-LEU agreement, the uranium price has grown by 5–7 times. So, we will certainly get profit from the signed amendment.
Now that the world is getting increasingly short of gas and oil, the United States is beginning to realize that it is necessary to actively develop nuclear power engineering. In their turn, the US nuclear operators are interested in making new contracts and getting low-enriched uranium at market prices.
Today, many states have begun to realize the importance of nuclear energy. Even the countries of the Persian Gulf are going to start developing nuclear power production. All those countries wish to enter the market. Here we have a number of advantages and this amendment will certainly enhance them.
