Global Insights: International Nuclear Fuel Banks, the Pros and Cons

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In his April 5 disarmament speech in Prague, President Barack Obama endorsed constructing “a new framework for civil nuclear cooperation, including an international fuel bank, so that countries can access peaceful power without increasing the risks of proliferation.” An international uranium fuel bank seeks to address one of the fundamental problems with the Nuclear Nonproliferation Treaty (NPT) — namely, that it allows countries to acquire sensitive nuclear technologies that they can then rapidly convert from civilian to military use. According to the most common interpretation of the treaty, states can develop extensive uranium-enrichment and plutonium-reprocessing capabilities while a member in […]

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