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Iran and Russia agree on exchange of surplus low-enriched uranium

August 5, 2015 at 10:48 am

Iran and Russia have agreed to exchange Iran’s excess low-enriched uranium for natural uranium, Tehran’s ambassador to Moscow, said on Tuesday.

“A new form of nuclear cooperation will be created between Iran and Russia,” explained Mehdi Sanai, “associated with the establishment of a centre for the production of stable isotopes on the Fordow [uranium enrichment] facility, and the exchange of excess low-enriched uranium for natural uranium.”

The ambassador noted that the lifting of sanctions imposed on his country will contribute to the development of economic relations with Russia. “Tehran and Moscow have serious common interests in various regional issues, including those in Central Asia, the Caucasus and Caspian Sea region and Afghanistan, as well as in the Middle East,” he added.

Iran and the world’s major powers reached an agreement last month to ensure the peaceful nature of Iran’s nuclear programme in exchange for the easing of sanctions, including its energy sector.