CURRENT AFFAIRS

Detailed explanation-1: -ITER is funded and run by seven member parties: China, the European Union, India, Japan, Russia, South Korea and the United States.

Detailed explanation-2: -As signatories to the ITER Agreement, concluded in 2006, the seven Members will share the cost of project construction, operation and decommissioning. They also share the experimental results and any intellectual property generated by the fabrication, construction and operation phases.

Detailed explanation-3: -London - The European Council has agreed Eur5. 61 billion ($6.80 billion) of new funding for the International Thermonuclear Experimental Reactor, or ITER, project for the seven years to 2027, it said Feb.

Detailed explanation-4: -As signatories to the ITER Agreement, the ITER Members China, the European Union, India, Japan, Korea, Russia and the United States will share in the cost of project construction, operation and decommissioning, and also share in the experimental results and any intellectual property generated by the project.

Detailed explanation-5: -Fusion research is expensive and the total price of the ITER experiment is expected to be over €15 billion. Which participants are pumping the most money into the reactor? The majority of funding comes from the European Union through the Euratom organization.