Russia Uranium Supplier Warns US Clients to Brace for Export Ban.

URANIUM; EXPORT controls; NUCLEAR fuels; WAIVER; SUPPLIERS; MARKET prices; GOVERNMENT business enterprises; IMPORTS

RUSSIA; KREMLIN (Moscow, Russia)

Tenex, a Russian state-owned uranium company, has warned its American customers that the Kremlin may prohibit exports of its nuclear fuel to the US if legislation is passed in Washington to ban imports starting in 2028. This move could disrupt uranium markets and cause prices to rise, potentially impacting smaller utilities. Russia currently supplies almost a quarter of the enriched uranium used in the US, making it the largest foreign supplier. The legislation currently allows for waivers to import Russian uranium until 2028 to allow utilities time to find alternative sources. [Extracted from the article]

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