Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Georgia stops sale of $3 million of uranium that could have been used in bomb
    Headlines

    Georgia stops sale of $3 million of uranium that could have been used in bomb

    Georgia stops sale of $3 million of uranium that could have been used in bomb

    Published by Global Banking and Finance Review

    Posted on July 17, 2025

    Featured image for article about Headlines

    TBILISI (Reuters) -Georgia has detained two people for handling and attempting to sell $3 million worth of uranium which could have been used to make a deadly bomb, the national security service said on Thursday.

    The prosecutor general said one Georgian and one Turkish national had been arrested and charged with the illegal purchase, possession and disposal of radioactive substances.

    The pair were arrested in the western city of Batumi on the Black Sea and could face up to 10 years in prison.

    "...the citizen of Georgia illegally purchased and stored the radioactive substance uranium...(and) tried to sell the mentioned nuclear material to the Turkish citizen for $3 million," the prosecutor's statement said, without naming them.

    The State Security Service said it had prevented a "transnational crime" over the uranium which could have been used to make a deadly bomb causing mass fatalities.

    Contacted by Reuters, the agency declined to give any further details on how enriched the uranium was.

    The U.N. nuclear watchdog, the International Atomic Energy Agency, did not immediately respond to a request for comment.

    Georgia's State Security Service published video on Thursday showing law enforcement agents using a radiation scanner to inspect a passenger vehicle as well as two small vials, one of which appeared to contain a white, powdery substance.

    There was no word on the uranium's origin or potential destination.

    One isotope of uranium, uranium-235, is fissile, meaning it can sustain the nuclear chain reaction used in reactors and bombs. The two other isotopes, uranium-238 and uranium-234, are not fissile.

    The security of nuclear materials was one of the biggest concerns after the 1991 fall of the Soviet Union, of which Georgia was a member. There have been several serious incidents involving the illicit trade in nuclear materials in Georgia over recent decades.

    In 2019, Georgia said it had detained two people for handling and trying to sell $2.8 million worth of uranium-238. In 2016, authorities arrested twelve people, including Georgians and Armenians, in two separate sting operations within the same month and accused them of attempting to sell in total about $203 million worth of uranium-238 and uranium-235.

    In 2014, Georgia caught two Armenians trying to smuggle cesium-137, a radioactive isotope of the metal cesium, into the country.

    (Reporting by Lucy Papachristou; editing by Guy Faulconbridge and Andrew Cawthorne)

    Related Posts
    German investor morale rises more than expected in December, ZEW finds
    German investor morale rises more than expected in December, ZEW finds
    Exclusive-Shell seeks buyers for stake in Germany's Schwedt refinery, sources say
    Exclusive-Shell seeks buyers for stake in Germany's Schwedt refinery, sources say
    EU Parliament approves deal to weaken corporate sustainability laws
    EU Parliament approves deal to weaken corporate sustainability laws
    EU lawmakers seek to tighten controls on Mercosur farm imports
    EU lawmakers seek to tighten controls on Mercosur farm imports
    Italy's ruling parties urge caution on using frozen Russian assets
    Italy's ruling parties urge caution on using frozen Russian assets
    UK launches BBC funding review, as broadcaster reels from Trump lawsuit
    UK launches BBC funding review, as broadcaster reels from Trump lawsuit
    Bow failure caused 1994 Estonia ferry disaster, final report shows
    Bow failure caused 1994 Estonia ferry disaster, final report shows
    Czech defence group CSG wins $1 billion truck deal, opens Slovak ammunition line
    Czech defence group CSG wins $1 billion truck deal, opens Slovak ammunition line
    EU races to win over Italy on Mercosur trade deal, says EU lawmaker
    EU races to win over Italy on Mercosur trade deal, says EU lawmaker
    Zelenskiy says Russia must be held responsible for 'crime of aggression'
    Zelenskiy says Russia must be held responsible for 'crime of aggression'
    BBC says it will fight Trump lawsuit over edited speech
    BBC says it will fight Trump lawsuit over edited speech
    Kremlin says Christmas ceasefire proposed by Ukraine depends on reaching peace deal
    Kremlin says Christmas ceasefire proposed by Ukraine depends on reaching peace deal

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostUkraine's new prime minister announces full audit of public spending
    Next Headlines PostSouth Korea wins UK appeal over arbitration ruling in Samsung merger case

    More from Headlines

    Explore more articles in the Headlines category

    Dassault Aviation CEO unsure if FCAS fighter will go ahead

    Dassault Aviation CEO unsure if FCAS fighter will go ahead

    Europe's leaders and laggards in electric vehicle sales

    Europe's leaders and laggards in electric vehicle sales

    EU members bordering Russia push for enhanced security at Helsinki meeting

    EU members bordering Russia push for enhanced security at Helsinki meeting

    Netherlands will host International Claims Commission for Ukraine, minister says

    Netherlands will host International Claims Commission for Ukraine, minister says

    EU to widen carbon border levy to close loopholes on polluting goods, draft shows

    EU to widen carbon border levy to close loopholes on polluting goods, draft shows

    Plan to build church for war dead in city park sparks rare protest in Russia

    Plan to build church for war dead in city park sparks rare protest in Russia

    Polish student detained over suspected Christmas market attack plot

    Polish student detained over suspected Christmas market attack plot

    China lowers EU pork tariffs in final ruling after 18-month probe

    China lowers EU pork tariffs in final ruling after 18-month probe

    European defence stocks slide amid progress in Ukraine peace talks

    European defence stocks slide amid progress in Ukraine peace talks

    App developers urge EU action on Apple fee practices

    App developers urge EU action on Apple fee practices

    Kering sells majority stake in New York property in $900 million deal 

    Kering sells majority stake in New York property in $900 million deal 

    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports

    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports

    View All Headlines Posts