US House approves Russian uranium ban

Russian uranium

The bill has to pass the Senate and be signed by President Joe Biden to become law

The US House of Representatives voted on Monday to approve legislation that would bar the importation of enriched Russian uranium. The measure is part of Washington’s sanction policy against Moscow.

The bill now must pass the Senate and be signed by President Joe Biden before becoming law. The Senate will have limited time to vote on the proposal this year.

The legislation would ban Russian uranium imports 90 days after enactment. It contains waivers allowing the import of low-enriched uranium from Russia if the US energy secretary determines there is no alternative viable source available for the operation of a nuclear reactor or a US nuclear energy company, or if the shipments are in the national interest.

“The risks of continuing this dependence on Russia for our nuclear fuels are simply too great,” Republican Representative Cathy McMorris Rodgers said before the vote, as quoted by Reuters. “It’s weakening America’s nuclear fuel infrastructure, which has declined significantly because of reliance on these cheap fuels,” she added.

Allowed imports of Russian uranium under the waiver would reportedly be gradually reduced from about 476.5 metric tons in 2024 to 459 metric tons in 2027.

Russia owns about 50% of the world’s uranium enrichment infrastructure, which is critical for producing nuclear fuel. The country remains a major provider of uranium mining, milling, conversion, and enrichment services for US utilities. Last year, Washington relied on Moscow for about a quarter of its enriched uranium, US government figures show.


READ MORE:
Nuclear dependence on Russia a ‘critical threat’ – US official

According to BloombergNEF’s head nuclear analyst, Chris Gadomski, Russia is the only commercially available source of special highly enriched reactor fuel known as Haleu that is needed for a new breed of advanced nuclear reactors currently under development.

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About Stu Turley 3357 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.