November 16, 2024
1 min read

Russia Limits Enriched Uranium Exports To US

Iran nuclear talks - Is West Asia being dragged to the edge of conflict? .(photo:IN)

The restriction raises supply concerns for US nuclear power plants, which relied on Russia for a quarter of their enriched uranium last year.

Russia has imposed temporary restrictions on exporting enriched uranium to the United States, the government said.

The restrictions apply to exports to the United States and those under foreign trade agreements with entities registered in US jurisdictions, with waivers allowing deliveries under one-time licenses issued by the Federal Service for Technical and Export Control, reports Xinhua news agency.

The restriction raises supply concerns for US nuclear power plants, which relied on Russia for a quarter of their enriched uranium last year.

The move follows a US law signed in May by US President Joe Biden banning Russian uranium imports until 2040, with exceptions allowed until 2028.

US purchases of Russian uranium totalled $574 million this year, down by nearly 32 per cent from a year ago, according to US statistics.

ALSO READ: IAEA Chief Visits Iran’s Nuclear Facilities

Previous Story

Patel’s Legacy Honoured in London

Next Story

Modi Emplanes For Three-Nation Visit To Nigeria, Brazil, Guyana

Latest from Europe

PM tells Trump to stand with Ukraine 

Trump is expected to seek a deal to end the war in Ukraine when he takes office next month, and has publicly criticized consensus Western policy on the conflict..reports Asian Lite News

Macron Thanks Modi for Cyclone Aid

Cyclone Chido, a Category 4 storm, wreaked havoc as it swept through the southwestern Indian Ocean over the weekend….reports Asian Lite News French President Emmanuel Macron expressed gratitude to Prime Minister Narendra
Go toTop

Don't Miss

Iran, Russia Unite Against US Sanctions

Earlier, in September, the US imposed sanctions on 37 entities

Odesa port attack: Zelenksy accuses Russia of barbarism

Just hours after the agreement was signed, two Kalibr missiles