Armenian Prime Minister Nikol Pashinyan and US Vice President JD Vance signed today a Joint Statement on the Conclusion of Negotiations on the Agreement between the Government of the Republic of Armenia and the Government of the United States on Cooperation in the Peaceful Uses of Nuclear Energy, known as 123 Agreement.
“This agreement will open a new chapter in the deepening energy partnership between Armenia and the United States. It will contribute to the diversification of Armenia’s energy resources by implementing safe and innovative technologies,” PM Pashinyan said at a joint press conference VP Vance.
The Prime Minister expressed gratitude for the longstanding support provided to Armenia by the United States in the field of nuclear security, nuclear safety, and expressed willingness to further develop sectoral cooperation in areas of greatest importance to both countries.
JD Vance said, in turn, that the Agreement will pave the way for American and Armenian companies to strike deals on civil nuclear projects.
“That means up to $5 billion in initial US exports, plus an additional $4 billion in long-term support through fuel and maintenance contracts. This is the classic win-win for both Armenia and the United States of America. It means stronger energy security for my own country, and it also, I think, means stronger energy security for Armenia, and it’s also going to create a lot of new jobs back home in the United States,” he stated.
“It means small modular reactors. American technology is going to be coming to this country, and again, it’s one of the few countries where we feel confident enough to invest at this level, to send this kind of technology, and it’s happening because of the Prime Minister’s leadership,” the Vice President said.
