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Middle East Nuclear Fuel Bank: Peace and Energy

The U.S. Senate proposes establishing a regional nuclear fuel bank to prevent an arms race and promote peaceful nuclear energy use in the Middle East. This aims to ensure stable fuel supplies for power plants, reducing the need for states to enrich uranium independently, thereby enhancing international security.
Key points
Establishing a nuclear fuel bank aims to prevent nuclear proliferation in the Middle East.
States foregoing domestic uranium enrichment will be guaranteed fuel supplies from an international bank.
The U.S. commits to providing financial and technical support for such a bank.
If Iran foregoes uranium enrichment, the U.S. will consider lifting some sanctions, provided harmful activities cease.
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Additional Information
Print number: 117_SRES_511
Sponsor: Sen. Menendez, Robert [D-NJ]
Process start date: 2022-02-10