Article: UAE contributes 10 mln USD to IAEA nuclear fuel bank proposal

UAE contributes 10 mln USD to IAEA nuclear fuel bank proposal

ABU DHABI, Aug. 7 (Xinhua) -- The United Arab Emirates (UAE) has contributed 10 million U.S. dollars to a nuclear fuel bank proposal that calls for a dedicated low-enriched uranium stockpile to be owned and administered by the International Atomic Energy Agency (IAEA), the official Emirates News Agency reported on Thursday.

The proposal was made in 2006 by the Nuclear Threat Initiative (NTI), an organization devoted to non-proliferation efforts. Under the proposal, the nuclear fuel bank aims to provide member states of IAEA with assurances of nuclear fuel supply.

"Given the UAE government policy commitments to the highest ...

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