EU Pledges Funds for IAEA Fuel Bank

By Miles A. Pomper

The European Union Dec. 8 pledged 25 million euros (about $33 million) toward the establishment of a nuclear fuel bank under the auspices of the International Atomic Energy Agency (IAEA). The EU contribution means that supporters have come close to meeting the initial financial requirements set down by a nongovernmental organization and IAEA Director-General Mohamed ElBaradei for establishing the fuel reserve.

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