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The HEU-LEU agreement, or “Megatons to Megawatts” as it is also known, is a programme via which the United States purchases highly enriched weapons-grade uranium (HEU) that has been down-blended to low enriched uranium (LEU) for use in US commercial reactors. The 20-year programme was founded in 1994 between the United States Enrichment Corporation (USEC), the United States’ primary nuclear fuel producer, and its Russian counterpart, Tekhsnabexport, or Tenex
Precisely the half of the agreed 500 tonnes of highly enriched weapon-grade uranium was blended down to low enriched uranium and shipped to the US power plants.
As of 2003, Russia may be stuck with tonnes of highly enriched and natural uranium that it produces annually because of — oddly enough — an expiring anti-dumping investigation that, since 1992, has prevented Russia from selling natural and enriched uranium on the American market without a matching sale.
USEC Inc decided to continue to be the U.S. government's executive agent under the Russian weapons grade uranium deal despite earlier doubts.