Atomenergoprom, the energy unit of Rosatom, and U.S. enrichment company USEC agreed Friday on new uranium export price terms from 2010.

The terms, which apply to exports equal to half of U.S. demand, should "give impetus to long-term commercial orders from utilities" after 2013, when a government accord regulating the sales expires, Atomenergoprom said in an e-mailed statement. Both the U.S. and Russian governments need to approve the new terms.

Russia has earned more than $7.6 billion in uranium exports to the United States since 1993, when the two countries signed a so-called Megatons to Megawatts nonproliferation agreement to process fuel from Soviet warheads for use in power plants, Rosatom said in January. 

Bloomberg