Rosatom will sell its American uranium subsidiary for more than $ 100 million :: Business :: RBC

Rosatom will sell its American uranium subsidiary for more than $ 100 million :: Business :: RBC

Uranium One Americas is a major uranium producer for the US nuclear power industry. After it came under the control of Rosatom structures, a loud scandal erupted in the United States. Secretary of State Hillary Clinton and her husband, former President Bill Clinton, have been accused of receiving money from Russian companies and helping Rosatom gain control of this strategic asset.

In 2017, Donald Trump, then the current president of the United States, declared that the way the sale of Uranium One Americas went to Russia was the “Watergate of a new era.”

Now Rosatom attributes the sale of the American business to Uranium One’s strategy to optimize its portfolio of uranium mining assets, aimed at increasing economic efficiency. According to a source close to the state corporation, its main business in the United States is not natural, but enriched uranium, which it supplies within the framework of quotas determined by […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet