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The topic of hazardous material management and transport, especially nuclear waste, is gaining even more importance in theoretical and professional research, as well as in the everyday life in the EU countries, since the awareness of environmental protection and safety is on the rise. Nevertheless, the implications of transport of nuclear waste are an increasing concern of other European countries (non EU), especially in the Balkans. Furthermore, this topic has significant political and security implications on the global level, since nuclear waste storage and transport is prone to potential terrorist attacks. This paper analyses current approaches to nuclear waste management and transport in terms of its influence on the global security and proposes a model for transportation cycle that has implications on the security of the EU countries and the Balkan, non EU, countries.