Kazakhstan Chamber of Commerce in the USA


Uranium Fuel Bank in Kazakhstan to start receiving nuclear materials

Posted on June 06, 2015 by KazCham

Business Intelligence from Colibri Law Firm: Issue #103

In two-year term Kazakhstan plans to start receiving nuclear material for storage in a low-enriched Uranium Fuel Bank of the International Atomic Energy Agency (IAEA), said Timur Zhantikin, Deputy Chairman of the Atomic Control Committee at Kazakhstan Ministry of Energy.

Zhantikin added that first shipments of nuclear materials are expected to arrive into Kazakhstan in 2017. He further commented on the two years gap in the project realization, noting that although the agreement had been already signed, it would still require the Kazakhstan Parliament to ratify it, so that to become effective.

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