Background on Kazakhstan and its nuclear program PDF Print E-mail
Country - Kazakhstan
Written by James Love   
Saturday, 14 July 2007

The Kazakhstan TimeLines for the years 1989 to 2007  contain a wealth of useful information and context for the Westinghouse/Toshiba/KazAtomProm transaction.


On July 17, 2007, four groups, including KEI, have sent a letter to the U.S. Department of Treasury's  Committee on Foreign Investment in the United States ("CFIUS"), asking that it block a proposed sale of 10 percent of Westinghouse, the US nuclear energy firm, to KazAtomProm, a nuclear energy firm owned by the government of Kazakhstan.   The groups signing the letter are Knowledge Ecology International (KEI), Essential Action and the Nuclear Information and Resource Service, and Greenpeace.   The URL for the letter is: http://www.keionline.org/misc-docs/17jul07-westinghouse-kazatomprom.pdf

The groups "oppose the transaction on the grounds that the sale will undermine efforts to limit nuclear proliferation, and will give sensitive nuclear technology to a brutal, repressive and undemocratic regime, which may lack long-term legitimacy and stability." 

The KEI Statement on the letter is here

 The 23 July 2007 FT story on the letter to CIFUS is here.   It contains these comments:

CFIUS approved Toshiba’s takeover of Westinghouse in June 2006 after a standard 30-day review. The panel is not expected to investigate Toshiba’s proposed sale to Kazatomprom because the transaction does not involve a change in control of Westinghouse or its board. However, the deal will be subject to strict US export control rules, which are meant to monitor and prevent the transfer of sensitive materials to foreign governments.

Last Updated ( Monday, 13 August 2007 )
 
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