Russia to continue shipping nuclear fuel after price debate ends

April 8, 2002 — Russia will continue shipping nuclear fuel from junked nuclear weapons for use in U.S. nuclear power generating facilities after a debate on prices.

The U.S. is paying for the fuel as part of an effort to keep it out of other countries’ hands, where the U.S. fears it could end up being used in terrorist weapons, the Associated Press reported. The country currently supplies about half of the low-enriched uranium that U.S. nuclear facilities use.

The previous contract for the fuel ended last year, at which time the U.S. company USEC Inc. and the Russian company Tenex couldn’t agree on prices for a new contract. But a deal was reached in February for about $500 million annually, subject to some market fluctuation. The shipments should resume sometime in April.


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