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    market news

    Russia Resumes Nuclear Exports to Iran

    Kristen Moran
    Nov. 24, 2015 10:44AM PST
    Energy Investing

    World Nuclear News reported that Russian companies will resume supplying products, services and funds to support Iran’s civilian uranium enrichment program after President Vladimir Putin signed a decree during his visit to Tehran on Monday. As quoted in the market news: The decree was issued on the same day as Putin arrived in Tehran on …

    World Nuclear News reported that Russian companies will resume supplying products, services and funds to support Iran’s civilian uranium enrichment program after President Vladimir Putin signed a decree during his visit to Tehran on Monday.
    As quoted in the market news:

    The decree was issued on the same day as Putin arrived in Tehran on an official visit, during which he held talks with Iranian President Hassan Rouhani and the country’s Supreme Leader Ali Khamenei, and attended the Gas Exporting Countries Forum.
    The newly signed document, which the Russian government published yesterday, stipulates that Russia’s ban on supplying goods, materials and equipment no longer applies to the export of enriched uranium from the Islamic Republic of Iran.
    Russia’s move follows the adoption last month of the Joint Comprehensive Plan of Action (JCPOA), the international agreement limiting Iran’s nuclear program in return for the lifting of economic sanctions. All participants in the agreement will now prepare for the implementation of their respective commitments.
    The Russian decree outlines three areas where the country can resume its support for Iran’s civilian nuclear industry: modifying two cascades at the Fordow uranium enrichment plant, supporting Iran’s export of surplus enriched uranium – above the 300 kilogram limit – in exchange for Russian raw uranium supplies, and upgrading the Arak heavy water reactor.

    Click here to read the full World Nuclear News report.

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