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US seeks to ban Russian uranium — RT Business News

A $4.3 billion plan to wean the United States off Russian enriched uranium supplies is awaiting congressional approval, according to unnamed sources familiar with the matter, cited by Bloomberg.

If approved, the plan will provide funds to buy nuclear reactor fuel directly from US producers, allowing Washington to stop imports from Russia.

The United States is the largest producer of nuclear energy in the world, accounting for about 20% of national electricity production. Russia would have accounted for 16.5% of the uranium imported into the United States in 2020 and 23% of the enriched uranium needed to power the country’s commercial nuclear reactors.

According to US Secretary of Energy Jennifer Granholm, America’s dependence on Russian imports is a “vulnerability” for national and economic security.

The United States has the capacity to mine uranium, but the country still relies heavily on Russia for uranium enrichment. Reviving the domestic uranium industry is not an easy step for the United States, the agency said on Tuesday, adding that the country has only one commercial enrichment facility left – a plant in the New Mexico led by Urenco, an Anglo-German-Dutch consortium. . An abandonment of Russian uranium could force the United States to turn to Canada and Australia.

The proposal to ban Russian uranium is part of growing US sanctions pressure on Moscow in response to its ongoing military operation in Ukraine.

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