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Kazakhstan started construction of LEU Bank

It is noted that the object will be protected by Kazakh forces only.

On the territory of Ulba Metallurgical Plant in Ust-Kamenogorsk the construction of buildings for low-enriched uranium Bank has started , Kazpravda.kz reports with reference to “Interfax-Kazakhstan”.

Deputy head of the Committee of atomic energy supervision and control of Kazakhstan Energy Ministry Timur Zhantikin informed about the beginning of the construction of the LEU Bank.

At the same time, he noted that the bank security will be fully provided by the Kazakh side, the foreign forces will not be involved for this.

In turn, the Ambassador of Kazakhstan to Austria and Slovenia Kairat Sarybai confirmed that the LEU Bank will start working in September 2017.

Financing of the LEU Bank is carried out through the Foundation “Initiative to reduce the nuclear threat” ($ 50 million), the US ($ 49.54 million), the United Arab Emirates ($ 10 million), Kuwait ($ 10 million), Norway ($ 5 million) and the EU (up to 25 million euros ).