The ACA found that the violation of the 300 kg uranium quantity in July only slightly reduced Iran`s “eruption time” – the time it would theoretically take to acquire enough fissile material for a bomb. “We were pleased to be able to contribute, on behalf of our client, to the successful extension of this important trade agreement,” said Jared Wessel, partner of Hogan Lovells. “The new agreement will serve as the cornerstone for the U.S. and Russian uranium trade for the next two decades.” Previously, the agreement allowed Russia to use its entire export quota not only for the sale of enrichment, but also for natural uranium and processing (a process for converting natural uranium, so that it is suitable for enrichment). The revised agreement provides that only a portion of the export quota can be used for the sale of natural uranium and processing from Russia. On average, this proportion will represent about 7% of U.S. enrichment demand and will not exceed 5% from 2026. Trade Minister Wilbur Ross said: “This pioneering agreement will help revitalize the U.S. nuclear industry while promoting America`s long-term strategic interests. This is another success for the Trump administration`s America First approach to international trade agreements. Analysts at Renaissance Capital talked about the Uranium One stock, ranked it “Buy” and said in a July 2010 research report that it was the “best game” in the uranium markets. In addition, in the same year, Renaissance Capital emerged as a major donor, along with Mr. Giustra and several companies linked to Uranium One or UrAsia, to a small medical charity in Colorado, run by a friend of Mr.
Giustra`s. In a newsletter to supporters, the friend paid tribute to Mr. Giustra for helping to receive donations from “companies around the world.” The issue of national security in the Uranium One agreement did not focus primarily on the proliferation of nuclear weapons; The United States and Russia have worked together on this front for years, with Russia sending fuels enriched from disused warheads for use in U.S. nuclear power plants in exchange for crude uranium. Russia and Iran signed a bilateral nuclear cooperation agreement in August 1992.  In a follow-up agreement in 1995, Russia agreed to the construction of the Bushehr-1 nuclear power plant and secretly proposed to Iran to supply Iran with a large research reactor, a fuel plant and a gas centrifuge plant.  When U.S. President Bill Clinton heard about these secret negotiations, he expressed his concerns about technology transfers to Russian President Boris Yeltsin, who eventually agreed to reduce Russian-Iranian nuclear cooperation, at least until the completion of the Bushehr construction.  Despite the ban on nuclear cooperation with Iran, U.S. officials believe Russian scientists and institutes have helped Iranian engineers in sensitive areas of the nuclear fuel cycle and in the construction of a 40 MW heavy water research reactor in Arak.  The original agreement was signed in 1992 following the suspension of an anti-dumping investigation by the DOC.
It limits the amount of Russian uranium products entering the U.S. market through special quotas that govern the commercial export of Russian uranium.