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Edition: U.S. Article Comments (0) Email Print Reprints Read UPDATE 2-WikiLeaks diverts to European websites amid US fury 12:29pm EST WikiLeaks founder says guards against death threats 3:52pm EST Hillary Clinton says no White House run, muses on next job 1:43pm EST WikiLeaks diverts to European websites amid U.S. fury 1:04pm EST WikiLeaks diverts to European websites amid U.S. fury 12:56pm EST Discussed 82 Saudi king urged U.S. to attack Iran: WikiLeaks 67 Obama to propose two-year federal worker pay freeze 65 Obama, Republicans in tax face-off at White House Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 Aerodynamics of flying snakes Thu, Dec 2 2010 small business Borrowing surges: PayNet Borrowing by small businesses jumped 20 percent in October and the increased loan volume may be a harbinger of future hiring, says PayNet. Full Article | Video Shoppers drive solid Cyber Monday sales 10 tips for securing angel or venture funding U.N. body to set up atom fuel bank backed by Buffett Tweet This Share on LinkedIn Share on Facebook By Fredrik Dahl and Sylvia Westall VIENNA (Reuters) - Member states of the U.N. nuclear watchdog approved on Friday a U.S.-backed fuel supply plan aimed at preventing the spread of atom bombs as more countries seek nuclear power, despite misgivings... Related News Syria tells U.N. atom body: focus on Israel, not us 2:18pm EST Analysis & Opinion WikiLeaks Scandal: Is the United Nations a Den of Spies? Wikileaks on Pakistan Related Topics World » Politics » Elections 2010 » By Fredrik Dahl and Sylvia Westall VIENNA | Fri Dec 3, 2010 2:18pm EST VIENNA (Reuters) - Member states of the U.N. nuclear watchdog approved on Friday a U.S.-backed fuel supply plan aimed at preventing the spread of atom bombs as more countries seek nuclear power, despite misgivings among some developing states. Its adoption was a priority for the Obama administration, which has set itself an ambitious nuclear disarmament agenda, and it comes at a time when the new START atomic arms reduction pact with Russia faces an uncertain future in the U.S. Senate. Under the delayed scheme, part-financed by U.S. billionaire Warren Buffett, the International Atomic Energy Agency (IAEA) would run a reserve of low-enriched uranium (LEU) which countries could turn to if their regular supplies were cut. Proponents say it could help meet growing demand from dozens of countries, some in the conflict-prone Middle East, for technical help in launching nuclear energy programs without increasing the risk of weapons proliferation. The fuel bank is "a very important step in (Obama's) vision of moving the world toward a world without nuclear weapons," said Glyn Davies, the U.S. envoy to the IAEA. It would help countries "access peaceful nuclear energy for peaceful purposes," he told reporters, after the 35-nation governing IAEA board approved the plan with 28 votes for, six abstentions and one absentee. The uranium needed to fuel nuclear reactors can also be enriched to high levels and provide material for bombs, making such fuel cycle technology especially sensitive. Iran's disputed enrichment program, which the West fears is aimed at developing nuclear weapons, has also pushed the idea up the agenda after decades on the political back-burner. But some developing states are concerned it may limit their right to sovereign nuclear energy capabilities, even if Western diplomats say this would not be the case. They raised a number of technical and economic questions during the debate, saying more work was needed on the plan. URANIUM SHORTAGE? The proposal by former IAEA head Mohamed ElBaradei for a fuel bank, possibly located in Kazakhstan, proposes buying 60-80 tones of LEU using $150 million in donations from member states and others and offering it to states at market prices. By assuring supplies of nuclear fuel, it seeks to help states to develop civilian nuclear energy programs without the need to also develop their own uranium enrichment capabilities. Countries under investigation by the IAEA over suspicions regarding their nuclear activities, currently Iran and Syria, would not be able to access the fuel reserve. The IAEA's director general would have the final say on who could use it. The U.S. non-governmental Nuclear Threat Initiative had pledged $50 million to help set it up, with the funds provided by Buffett, one of the world's most successful investors who has donated a vast chunk of his fortune to charity. 1 2 Next World Politics Elections 2010 We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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