Weapons material and the commercial fuel cycle

In 1991, the United States and the former USSR had arsenals of ∼18,000 and 27,200 nuclear weapons, respectively. Approximately 10,000 of the US and 13,000 of the former USSR weapons were in the strategic category, and the remainder were tactical weapons. The dramatic changes in the political climate between the United States and the republics of the former USSR have resulted in the signing of the Strategic Arms Reduction Treaty (START I and II), agreements to substantially reduce nuclear weapons arsenals. Tactical weapons have already been collected in Russia, and strategic weapons are to be collected by the end of 1994. The major issues in accomplishing the treaty reductions appear to be funding, transport safety, storage capacity, and political issues between Russia and Ukraine because the latter seems to be using its weapons for political leverage on other matters. Collectively, the US and former USSR warhead stockpiles contain tremendous inventories of high-enriched uranium and weapons-grade plutonium which if converted to light water reactor fuel would equate to an enormous economic supply of natural uranium, conversion services, and enrichment separative work. The potential for this material entering the light water reactor fuel marketplace was enhanced in July 1992, when the two US industrial companies, Nuclear Fuel Services and Allied-Signal, announced that they had reached a preliminary agreement with the Russian ministry, Minatom, and the Russian Academay of Sciences to convert Russian high-enriched uranium to low-enriched uranium