Iran to Sell Russia LEU in Uranium Swap

Iran to Sell Russia LEU in Uranium SwapIran to Sell Russia LEU in Uranium Swap

Based on the terms of the July nuclear deal with major powers, Iran will swap 9 tons of low-enriched uranium for 140 tons of raw uranium from Russia, the nuclear chief said.

The temporary curbs Iran accepted on its nuclear program under the accord reached with P5+1 (the five permanent members of the United Nations Security Council plus Germany) include cutting its enriched uranium stockpile to no more than 300 kilos with a maximum fissile purity of 3.67%.

"We will sell about 9 tons of enriched uranium to Russians and will receive 140 tons of natural uranium in return," the head of Atomic Energy Organization of Iran, Ali Akbar Salehi, was quoted by Fars News Agency as telling state TV.

Other Iranian commitments include redesigning the Arak heavy water reactor and dismantling two-thirds of centrifuges installed at enrichment facilities.

The Iranian measures will be reciprocated by sanctions relief, which is subject to verification by the UN nuclear agency of Tehran fulfilling all its commitments.

Salehi's remarks came after Russian President Vladimir Putin met the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei and President Hassan Rouhani on the sidelines of the Gas Exporting Countries Forum in Tehran on Monday.

On the same day, Moscow issued a decree easing an export ban on nuclear equipment and technology to Tehran.

The decree said Russian firms were now authorized to export hardware and provide financial and technical advice to help Iran with three specific tasks, Reuters reported.

The tasks were listed as helping it modify two cascades at its Fordo uranium enrichment plant, supporting Iranian efforts to export enriched uranium in exchange for raw uranium supplies and helping Iran modernize its Arak heavy water reactor.

  Isotope Production

"[Russians] have committed to assist us in the implementation of some measures envisaged in the Joint Comprehensive Plan of Action, including stable isotope production," the AEOI director said, referring to the deal by its official title.

"Stable isotopes, whose production requires special centrifuges, are of great importance … We will upgrade all centrifuges with Russia's help so they have the capability of producing stable isotopes."

The JCPOA says at Fordo "two cascades that have not experienced UF6 before will be modified for the production of stable isotopes. The transition to stable isotope production of these cascades … will be conducted in joint partnership between the Russian Federation and Iran on the basis of arrangements to be mutually agreed upon."