The U.S. department of commerce and the Russian Federation's Federal Atomic Energy Agency (Rosatom) have initialed a draft amendment to the agreement suspending the antidumping investigation on uranium from the Russian Federation (Suspension Agreement).
The proposed amendment will allow Russia to export its uranium products to the U.S. market in accordance with the export limits and other terms detailed in the amendment. The U.S. financial department is now waiting for comments from all interested parties, which can be submitted within 30 days.
The suspension agreement was signed on October 30, 1992 on the basis of an agreement by Russian government to restrict the volume of direct or indirect uranium products exports to the United States.
On November 27, 2007, the department of commerce and Rosatom initialed a new draft amendment to the Suspension Agreement. According to new proposals, the Russian uranium products may be exported to the United States up to the limits set forth in the draft, beginning in 2011.
SOURCE: AtomInfo.Ru
DATE: December 05, 2007