The US Senate approves a ban on uranium imports from Russia

The U.S. Senate unanimously voted to pass a bill banning the import of enriched uranium from Russia. After that, the relevant document was sent to the White House for President Joe Biden's signature.

This was reported by RBC-Ukraine with reference to Bloomberg.

Restrictive actions on the import of Russian uranium are aimed at supporting efforts in the United States to block the Kremlin's supply of fuel for reactors.

The Russian Uranium Import Ban Act bans imports from the United States 90 days after it becomes law. The initiative authorizes temporary exemptions to the ban until January 2028.

For the initiative to become law, Biden must sign the document.

According to the U.S. Department of Energy, Russia supplied almost a quarter of the enriched uranium used to fuel the U.S. fleet of more than 90 commercial reactors. This makes Moscow the No. 1 foreign supplier to the United States.

It is noted that the relevant sales bring the Russian Federation approximately $1 billion a year. At the same time, it is expected that replacing these supplies may be a problem and risks raising the cost of enriched uranium by about 20%.

Author - Serhii Kolomiets, 01/05/2024