Uranium Imports Excluded from Russian Energy Products Ban by the US
Earlier this week, President Joe Biden placed a ban on imports of Russian oil and other energy products into the country. However, this ban didn’t include a ban on uranium imports because the U.S. power industry relies on Russia, Uzbekistan and Kazakhstan for about one-half of the uranium it uses to power its nuclear power plants in order to meet energy demand. Figures from last year show that the U.S. imported more than 240 million barrels of petroleum products and crude oil from Russia, which was about 25% higher than the barrels imported in 2020. The U.S. nuclear industry has…