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Reuters
Reuters
Business
By Rod Nickel and Pavel Polityuk

Ukraine's nuclear deal with Canada's Cameco carries big risks, rewards

FILE PHOTO: An aerial view of Cameco's Cigar Lake uranium mine site in northern Saskatchewan September 3, 2010. REUTERS/David Stobbe/File Photo

Ukraine's 12-year deal to buy enough uranium from Canadian miner Cameco Corp to power all of its nuclear reactors gives each side the right to change sales volumes with two years' notice, the Ukrainian state-owned utility Energoatom told Reuters.

The unusual flexibility of the deal announced in February, the details of which have not been reported previously, reflects the uncertainties caused by Russia's war with its neighbour and underlines the high stakes for both parties.

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