OREANDA-NEWS. October 1, 2009. In 2010–2012 the Russian budget is expected to get over 68bln RUR from the sale of uranium enrichment services in the United States under the HEU-LEU contract, says the explanatory note to the federal law on the federal budget for 2010 and 2011–2012.

According to the contract, Rosatom’s companies should process weapons-grade uranium into safe low enriched uranium and supply it to the United States. One of the components of the price – the cost of SWU – shows how much energy is spent on processing.

In 2010 Russia’s budgetary revenues from the sale of SWU to the United States under the HEU-LEU deal are expected to grow by 3% as compared with 2009 to 20.368bln RUR (0.05% of Russia’s GDP), 22.832bln RUR in 2011 and 24.948bln RUR in 2012.

Russia’s authorized agent under the contract is Techsnabexport OJSC (TENEX). The United States is represented by USEC. All the money earned in the framework of the contract is transferred to Russia’s federal budget.

6.010bln RUR will be budgeted in 2010 for covering Rosatom’s payments to organizations providing services under the contract.

Since the first supply under the HEU-LEU deal on May 31 1995, the Russian budget has received over USD 8.5bln. Almost 11,000 tons of low enriched uranium have been supplied for the needs of US nuclear reactors with 375 tons of planned 500 tons of weapons-grade uranium already processed. The contract terminates in 2013.

The HEU-LEU contract stipulates that Russia should retrieve the natural component – uranium used for depletion of weapons-grade materials. Following this provision, our country has already retrieved natural uranium worth USD 2.7bln.