Toshiba to exchange technology for Russian uranium

MOSCOW, April 14 (Reuters) - Toshiba Corp 6502.T will receive highly enriched uranium from Russia as part of a pact signed last month with Russia's giant state-owned nuclear firm, a spokesman for Japan's Foreign Ministry said on Monday.

In return, the Japanese conglomerate will supply technology to Russia, ministry spokesman Kazuo Kodama told a news briefing.

Toshiba signed the agreement on developing civilian nuclear power assets with Atomenergoprom on March 20. The two companies will begin feasibility studies on the possible design and construction of commercial nuclear power plants.

“Toshiba is expected to receive highly enriched uranium, while the Russian side is expected to receive nuclear power plant construction technology from Toshiba,” Kodama said.

Japanese Foreign Minister Masahiko Komura had earlier met Russian counterpart Sergei Lavrov in Moscow. [ID:nL14580206]

Atomenergoprom was created to consolidate Russia’s civilian nuclear assets, ranging from uranium mines and nuclear fuel enrichment to atomic power stations. It is owned by the Rosatom state corporation. (Reporting by Conor Sweeney, writing by Robin Paxton)