Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Britain to ship record amount of nuclear waste to U.S. - govt source

Published 31/03/2016, 00:05
© Reuters. Prime Minister David Cameron leaves Downing Street

LONDON (Reuters) - Britain will ship 700 kilograms of nuclear waste to the United States under a deal to be announced by Prime Minister David Cameron at a nuclear security summit in Washington on Thursday, a British government source said.

In return for the shipment, the largest ever movement of highly enriched uranium, the United States will send Europe a different type of nuclear waste that can be used to produce medical isotopes for the treatment of some cancers.

"The prime minister will be announcing a landmark deal that we have agreed with the US and with (European Atomic Energy Community) Euratom," the British government source said, on condition of anonymity.

"It is a win-win. We get rid of waste and we get back something that will help us to fight cancer."

At the two-day summit, being attended by more than 50 world leaders, Britain and the US will also announce plans to host a joint exercise later this year to test the ability of their governments and nuclear industries to deal with a cyber attack in the civil nuclear sector.

The source said this was not in response to intelligence about a specific threat, but "prudent planning".

Last week, Belgian newspaper DH reported suicide bombers who blew themselves up in Brussels were originally considering an attack on a nuclear site in Belgium.

Britain will also invest more than 10 million pounds ($14 million) in improving nuclear security standards worldwide and, separately, launch a scheme to help other countries strengthen their ability to withstand cyber attacks on their nuclear sectors.

Japan, South Korea, Turkey and Argentina are among those expected to be involved in that scheme, the source said.

© Reuters. Prime Minister David Cameron leaves Downing Street

"They have come to us and said they would like to benefit from expertise we have in this area and work with us on it," the source said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.