Bloomberg learned about the US plan to reduce dependence on Russian uranium

A plan to purchase fuel for reactors directly from manufacturers in the amount of $4.3 billion must be approved by Congress. According to the agency,

The US Department of Energy is seeking congressional approval of a plan to buy enriched uranium directly from US producers in order to reduce imports from RUSSIA, BLOOMBERG writes, citing a source. According to him, it is proposed to allocate $4.3 billion for these purposes, but this cannot be done without the approval of the parliament.

Representatives of the department held a meeting with legislators, at which they explained the need for such a step. They explained that any disruption in the supply of fuel for nuclear reactors would lead to disruption of the latter. Another interlocutor of the agency said that the problem was also discussed with representatives of the industry.

The proposal, according to him, is to increase the volume of uranium enrichment and the production of finished fuel within the country.

According to the agency, there is only one uranium enrichment facility in the United States now. It is located in New Mexico and belongs to the European company Urenco.

The Global X Uranium ETF index rose 7.4% after the Bloomberg report, as did shares of some uranium producers.

IAEA reports tons of plutonium and enriched uranium at Zaporozhye NPP Politics

On March 8, the United States imposed a ban on the import of energy products from Russia - oil and oil products, LNG, coal. Russian uranium was not subject to sanctions . REUTERS in March explained the decision by saying that the country's energy security depends on imports from Russia, Kazakhstan and Uzbekistan: they produce about half of the uranium consumed by US nuclear power plants. In 2021, the United States imported $670 million worth of enriched uranium and radioactive isotopes from Russia.

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In the same month, Bloomberg reported that Washington was considering the possibility of sanctions against Rosatom, but the decision was never made.

On March 21, Deputy Prime Minister Alexander Novak said that the Russian government was considering a ban on uranium supplies to the United States in response to the energy embargo.

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