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This agreement appears to be a way for the U.S. to get Russia to work with us to discourage or prevent Iran from developing uranium enrichment capabilities for its nuclear weapons program. Commercial fuel is about 4 percent pure U-235 and weapons-grade is 95 percent pure. Russia is currently helping Iran build a commercial fission plant. An enrichment plant is very different from a fission plant, but fission by-products and uranium from a commercial plant can be taken to an enrichment plant to make a bomb warhead.
This current agreement, announced at the G-8 Summit in Russia, does not allow storage of spent nuclear waste from U.S. power plants. Current plans for U.S. waste include transporting it to Yucca Mountain in Nevada. Of course, the Global Nuclear Energy Partnership (GNEP) will expand cooperation among countries currently utilizing commercial fission power and those seeking to get electricity from fission plants. GNEP allows the status quo fission plant countries to maintain control over fission fuel, thus reducing the posibility for nuclear weapons proliferation.
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