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. Last Updated: 07/27/2016

Clinton Signs Contract on Uranium




WASHINGTON -- U.S. President Bill Clinton has moved to guarantee that money paid to Russia as part of a uranium deal is not seized by creditors, clearing the way for resumed shipments of processed Russian uranium to the United States. Clinton issued an executive order Thursday protecting payments made to Russia under the deal. Russia had been concerned payments would be seized by creditors trying to collect past unrelated debts from Russia.


The order frees Russia to resume shipping low-enriched uranium that has been blended down after being taken from nuclear weapons stockpiles to be used in U.S. commercial reactors.


The deal is a cornerstone of U.S. efforts to get Russia to dispose of nuclear weapons material so it doesn't fall into the hands of terrorists or rogue groups.


The 20-year contract, worth about $11 billion, calls for Russia to export more than 455 metric tons of recycled uranium from scrapped weapons to the United States. So far, about 73 metric tons have been sent.