Russia's Foreign Ministry welcomed on Saturday the UN nuclear watchdog's resolution on Moscow's initiative to establish a reserve of low-enriched uranium.

On Friday, the Board of Governors of the International Atomic Energy Agency welcomed Russia's offer to establish on its territory a reserve of LEU to the IAEA for its member states.

"The adoption of the resolution paves the way for the signing of a relevant agreement between Russia and the IAEA envisaging the establishment on the Russian territory of a reserve of low-enriched uranium," the Russian Foreign Ministry said on its website.

The ministry said the reserve would be enough to produce two loads of fuel for the world's most popular 1000MW pressurized water reactor.

It said the fuel could be supplied to those IAEA member countries that do not possess nuclear arms and are committed to nuclear non-proliferation.

"This [agreement] will help expand the use of nuclear energy for peaceful purposes. The initiative is aimed at strengthening nuclear non-proliferation," the ministry said.