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Rosatom: Russia needs of the insurance reserve of nuclear fuel

July 13 2005

Federal Agency for Atomic Energy (Rosatom) said that Russia needs an insurance reserve of nuclear fuel and proposes to create it under IAEA supervision. This was stated by the head of Rosatom, Alexander Rumyantsev, at a conference on the Nuclear Fuel Cycle.

"We can work out a scheme of insurance and guaranteed nuclear fuel reserve under IAEA control, which would serve as a guarantee of fuel supplies to nuclear power plants in the event of termination of commercial shipments," - said Rumyantsev.

"It is important to initiate a mechanism of guaranteed supplies of nuclear fuel", - stressed the head of Rosatom, RIA Novosti news agency.

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