Monday, May 20, 2024

The US bans the import of enriched uranium from Russia


US national security adviser Jake Sullivan says the aim is to end the US’s dependence on enriched uranium from Russia. Photo: Susan Walsh / AP / NTB

Of NTB | 14.05.2024 03:09:34

Economy and business: The ban comes into force in 90 days and only allows for exceptions to imports from Russia if supply problems arise until 2027.

Russia is the world’s largest supplier of enriched uranium. Around 24 percent of the enriched uranium at American nuclear power plants comes from Russia, it appears from an announcement from the White House. President Joe Biden’s ban was signed Monday.

The law that Biden signed also opens up around 2.7 billion dollars in funding for building up the American uranium industry.

– President Biden today signed a law that takes a number of historic actions and will strengthen our country’s energy and economic security by reducing, and ultimately ending, our dependence on Russia for civilian nuclear power, says the US National Security Adviser Jake Sullivan.

He says that the new law is a follow-up to a series of goals that the United States set together with Canada, France, Japan and Great Britain last December. The plan includes a joint investment in which the five countries will invest 4.2 billion dollars to expand the uranium enrichment capacity.

(© NTB)


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