Recent Developments
The topic of a nuclear fuel bank was briefly mentioned by some members attending the Nuclear Security Summit (2010), a summit being held in Washington, D.C. in April 2010 focusing on how to better safeguard weapons-grade plutonium and uranium to prevent nuclear terrorism.
Robert J. Einhorn, Special US Advisor on Non-Proliferation and Arms Control, said the Obama Administration has supported international fuel banks but that "this issue will come up at the May NPT Review Conference, but this is not the focus of" the Nuclear Security Summit. Despite the focus on nuclear terrorism, President of Kazakhstan Nursultan Nazarbayev sought the U.S.'s backing to house a nuclear fuel bank while he was in Washington for the event and Prime Minister of Pakistan Yousaf Raza Gillani issued a statement saying Pakistan would like to act as a provider and "participate in any non-discriminatory nuclear fuel cycle assurance mechanism". The UAE also reconfirmed its $10 million pledge to the IAEA Nuclear Fuel Bank and its policy of foregoing domestic enrichment and spent fuel reprocessing.
Read more about this topic: Nuclear Fuel Bank
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