Russia creates world’s first nuclear fuel bank

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Moscow: Russia has successfully completed the creation of the world’s first international nuclear fuel bank under an agreement with the International Atomic Energy Agency (IAEA), the Rosatom state atomic energy corporation said on December 1.

The fuel bank now stores 120 tonnes of Low-Enriched Uranium (LEU) in the Siberian city of Angarsk, the Russian agency said in a statement. “This is enough to complete two refuels of the world’s most commonly used light-water reactors with a capacity of 1,000 MW,” the Rosatom statement said.

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