Russia breaks "wall" into U.S. nuclear market

[Old Coot]

Source: Reuters

MOSCOW (Reuters) - Russia signed a landmark deal to supply nuclear fuel directly to U.S. companies on Tuesday, setting itself up to control 20 percent of the U.S. uranium market and extending its global reach in the nuclear sector.

At a ceremony in the Russian capital, U.S. electricity firms PG&E, Ameren Corp and Luminant signed deals to get more than $1 billion in uranium supplies from Russia's state nuclear fuel exporter Tenex between 2014 and 2020.

"This is a revolutionary breakthrough," Sergei Kiriyenko, the head of Russia's state atomic energy firm, Rosatom, which controls Tenex, told reporters.

Until last year, U.S. anti-dumping laws had only allowed Russia to sell the United States uranium recovered from dismantled Soviet nuclear weapons. These sales are carried out through U.S. uranium trader USEC Inc.

Read more: http://www.reuters.com/article/topNews/idUSTRE54P4S220090526

[napoleon_in_rags]

1. Aw, snap.

Just the fact that this is happening means a brighter future for nuclear energy in the US is probably ahead. :(

[uppityperson]

2. what an interesting story. Wild, scary, wtf-ish, but interestingly wtf.

[zogofzorkon]

3. Now if they could only sell us Chernobyl technology...

[Vidar]

4. No we'll just outsource our electricity production to them.