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 […]

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