Uranium Week: Closing In On Russia

The US, UK and G7 have moved to further turn the screws on Russia, including a timeframe towards banning uranium imports in the US.

-US looking to wean itself off Russian uranium
-G7, UK announce further sanctions on Russia
-Spot market remains quiet

A bill banning Russian uranium imports to the US passed a House of Representatives subcommittee on May 16, advancing the draft legislation closer to a vote. However, the ban would not begin until 2028.The Prohibiting Russian Uranium Imports Act also contains a provision for waivers, which would allow the import of low-enriched uranium from Russia if the US Secretary of Energy determines there is no alternative source available for operation of a commercial nuclear reactor or US nuclear energy company, or if the shipments are of national interest.A similar bill has been referred to the Energy Committee in the US Senate.The US is clearly in no […]

Click here to view original web page at www.fnarena.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.