The United States has announced a ban on importing uranium from Russia, a move that aims to bolster domestic energy security by investing $2.7 billion to develop the domestic uranium processing industry. Russia, which previously supplied approximately 20% of the US nuclear fuel, has stated through its Foreign Ministry that the ban will harm the global market but assured the stability of its sales market, according to TASS. This shift comes as the US seeks to reduce its reliance on foreign uranium and increase domestic production capabilities, with states like Utah poised to play a significant role in this transition.
RUSSIAN FOREIGN MINISTRY ON U.S. BAN ON URANIUM IMPORTS FROM RUSSIA: RUSSIA WILL ENSURE STABILITY OF SALES MARKET - TASS
The US moves to stop buying uranium from Russia and start producing it at home https://t.co/VIkNqmNRvJ
As the U.S. looks to more nuclear to power our energy needs, it is disturbing how reliant we have been on Russia for uranium, the fuel we use in reactors. Utah has the capabilities to produce this fuel and I am hopeful we will find ways to bring more of this production onlineā¦ https://t.co/nq0HmKEj8M
Nuclear energy offers a reliable long-term solution for US energy security. US bans Russian uranium imports & invests $2.7 billion to build out the domestic uranium processing industry. Russia supplied ~20% of US nuclear fuel. https://t.co/7HBGJkrQtT
#Russia says U.S. ban on Russian nuclear fuel will harm global market https://t.co/0ORqKy8XXk