"Vance said the agreement, which allows the US to legally license nuclear technology and equipment to other countries, would enable up to $5bn in initial US exports to Armenia, plus an additional $4bn in longer-term fuel and maintenance contracts. The deal related to small modular reactors, he said, adding that Washington had enough confidence in Armenia to supply it with this new technology."
"The United States and Armenia have struck an agreement on civil nuclear cooperation, amid a push by Washington to strengthen ties with the West Asian country that was once a close ally of Moscow. Armenian Prime Minister Nikol Pashinyan and US Vice President JD Vance, who is on a two-day visit to the country, signed the multibillion-dollar nuclear energy deal on Monday."
US Vice President JD Vance pledged up to $9bn in potential investment in Armenia and signed a civil nuclear cooperation 123 Agreement with Prime Minister Nikol Pashinyan during a two-day visit. The agreement allows the United States to license nuclear technology and equipment to other countries, enabling up to $5bn in initial US exports and an additional $4bn in longer-term fuel and maintenance contracts. The deal focuses on small modular reactors and reflects Washington's confidence in supplying Armenia with new nuclear technology. Armenia is reviewing proposals from multiple countries to replace the aging Metsamor reactor and reduce reliance on Moscow and Tehran.
Read at www.aljazeera.com
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