Vance: U.S. to invest $9 bln in Armenia's nuclear sector

YEREVAN. Feb 9 (Interfax) - The United States will invest $9 billion in Armenia's nuclear energy sector, U.S. Vice President JD Vance said.

"Our nations have completed negotiations on a 123 Civil Nuclear Cooperation Agreement. Once that is completely stood up, it will pave the way for American and Armenian companies to strike deals on civil nuclear projects. That means up to $5 billion in initial U.S. exports plus an additional $4 billion in long-term support through fuel and maintenance contracts," Vance said at a joint briefing with Armenian Prime Minister Nikol Pashinyan in Yerevan on Monday.

This is a mutually beneficial program for energy sustainability and security for both the U.S. and Armenia, he said.

"It means small modular reactors, American technology is going to be coming to this country [Armenia]," Vance said.