Biden signs law banning Russian enriched uranium imports.

President Biden signed a law banning the import of Russian enriched uranium into the US, effective in approximately 90 days. The move aims to disrupt Russian President Vladimir Putin's ongoing invasion of Ukraine, as it prevents the import of enriched uranium from Russia. The US is the largest importer of enriched uranium worldwide, with 24% of its nuclear power plants' fuel coming from Russia. The law also unlocks $2.7bn from previous legislation for building out the US uranium fuel industry, and allows the Department of Energy to issue waivers in cases of supply concerns.

May 13, 2024
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