Uranium: Will Rosatom Be Sanctioned After Reports Of Supplying Military Hardware To Russia?

Rosatom, Russia’s state-owned nuclear conglomerate, has been working to supply Russia’s military with components, technology, and raw materials for missiles, according to The Washington Post. The materials were sent to weapons makers that sell to Russia’s military, and presumably some of those missiles have been deployed in Russia’s war against Ukraine.

While this news is not surprising in general terms, the key business implication is that it may prompt the U.S. to place sanctions on Rosatom. Since Rosatom exports uranium to the U.S. and the European Union (EU) for use in commercial nuclear reactors — indeed, it supplied 14% of the U.S.’s uranium needs in 2021 — major uranium buyers may be forced to purchase uranium from other sources. This in turn could put upward pressure on spot uranium prices and ultimately help small uranium miners in the U.S. and Canada.

Any sanctions that the U.S. or the EU would impose […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • 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!


No comments yet