Wednesday, March 9, 2011

U.K. Contributes $6.4M to IAEA Nuclear Security

The United Kingdom on Tuesday inked an agreement with the International Atomic Energy Agency to contribute roughly $6.4 million to the U.N. watchdog's Nuclear Security Fund.

The United Kingdom made the donation pledge at last April's Global Nuclear Security Summit in Washington, according to an IAEA release. Russia agreed in December to contribute $6.5 million to the fund, according to an earlier report.

Tuesday's two-year contribution agreement was signed in Vienna by British Ambassador to the International Atomic Energy Agency Simon Smith and IAEA Deputy Director General Denis Flory. The British funding would support facility security updates already under way and aid in initiating new projects.

The Nuclear Security Fund was established in 2002 and allows countries to voluntarily contribute funds to back up IAEA nuclear security initiatives around the world, including efforts to ensure the safety and security of atomic substances in storage or transit.

Source: www.globalsecuritynewswire.org

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