JSC IUEC transported to the territory of the Russian Federation the uranium oxide concentrate delivered from the Ukraine

On October 31, 2019 JSC IUEC transported to the territory of the Russian Federation the uranium oxide concentrate delivered from the Ukraine within the framework of the agreement for the supply of products singed with the Ukrainian IUEC shareholder - State Concern «Nuclear Fuel».

The purpose of the deal with the Ukrainian partner was to ensure the guaranteed supplies of JSC IUEC products for the needs of the Ukrainian NPPs. Further, on the received products will undergo the necessary customs clearance procedures and will be transferred for technological reprocessing to the enterprises of JSC TVEL, which perform the reprocessing of the concentrate, its enrichment and fabrication of the fuel assemblies for nuclear power plants in the Ukraine.

On January 31, 2009 the Government of the Russian Federation published the ordinance on signature of the agreement with the Ukrainian organization interested of in the activities of JSC IUEC. On November 16, 2009 the Ukraine signed the Intergovernmental agreement on participation of its authorized organization (State Concern «Nuclear Fuel») in the activities of JSC IUEC. On October 5, 2010 year State Concern «Nuclear Fuel» acquired 10% of JSC IUEC shares. The first chain of supplies targeted to cover the demand of the Ukrainian NPPs was carried out for the first time in 2012. Since that time such supplies are performed annually.