Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

AUKUS submarine deal 'very tricky' for nuclear inspectors -IAEA chief

Published 09/28/2021, 06:38 AM
Updated 09/28/2021, 06:41 AM
© Reuters. FILE PHOTO: International Atomic Energy Agency (IAEA) Director General Rafael Grossi delivers his speech at the opening of the IAEA General Conference at their headquarters in Vienna, Austria, September 20, 2021. REUTERS/Leonhard Foeger

By Francois Murphy

VIENNA (Reuters) - The head of the United Nations atomic agency has said the AUKUS deal in which Australia will obtain nuclear submarine technology from the United States is a "very tricky" issue in terms of inspections but in can be managed.

The submarine deal is part of a three-way defence agreement announced by Washington, London and Canberra last month which infuriated France because Australia said it would cancel an existing order for French diesel-powered submarines.

It would also be the first time that a party to the nuclear Non-Proliferation Treaty obtains nuclear submarines, apart from the five nuclear weapons states recognised by the NPT - the United States, Russia, China, France and Britain. India, which has not signed the NPT, also has nuclear submarines.

"It is a technically very tricky question and it will be the first time that a country that does not have nuclear weapons has a nuclear sub," IAEA chief Rafael Grossi, whose agency polices the NPT, told the BBC's HardTalk programme in comments broadcast on Tuesday.

Grossi confirmed that an NPT signatory can exclude nuclear material from IAEA supervision, also known as safeguards, while that material is fuelling a submarine. It is a rare exception to the IAEA's constant supervision of all nuclear material to ensure it is not used to make atom bombs.

"In other words, a country ... is taking material away from the inspectors for some time, and we are talking about highly, very highly enriched uranium," he said.

© Reuters. FILE PHOTO: International Atomic Energy Agency (IAEA) Director General Rafael Grossi delivers his speech at the opening of the IAEA General Conference at their headquarters in Vienna, Austria, September 20, 2021. REUTERS/Leonhard Foeger

"What this means is that we, with Australia, with the United States and with the United Kingdom, we have to enter into a very complex, technical negotiation to see to it that as a result of this there is no weakening of the nuclear non-proliferation regime."

He did not indicate how long those negotiations would last.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.