Russia is introducing temporary restrictions on the export of low-enriched uranium to the United States. The government’s decision came into force.
Prime Minister of Russia Mikhail Mishustin signed a resolution on November 14 that introduces temporary restrictions on the export of low-enriched uranium (uranium enriched with the isotope uranium-235) to the United States. We are talking about deliveries to the United States or under foreign trade agreements entered into with persons registered in American jurisdiction.
Exceptions will be made for single licenses, which will be issued by the Federal Service for Technical and Export Control.
In May of this year, the United States Congress passed and the President signed a law prohibiting the import of low-enriched uranium from Russia. The document came into force in August, but provides for exceptions until 2028, which American companies took advantage of. For example, Centrus Energy.
Russia is not a major producer of uranium, but its global share of enrichment and conversion exceeds a third. American nuclear power plants produce 20% of America’s electricity and receive the same percentage of low-enriched uranium from Russia. US purchases of uranium from Russia in 2023 are estimated at $1.2 billion.
In September, the Russian president Vladimir Putin It has been ordered to consider limiting exports to hostile countries so that this does not harm Russia itself.
The government website says the restrictions are being introduced under Russian President Vladimir Putin in response to those imposed by the United States in 2024-2027. restrictions and ban from 2028 on the import of uranium products from the Russian Federation.
