When will the U.S. lift restrictions on Russian uranium exports?

Russia is the world’s main provider of enriched uranium, and is likely to keep this position in the future, while the U.S. stubbornly upholds anti-dumping restrictions on the export of Russian uranium to the American market.

…Uranium prices have doubled in the last two years. The world needs Russian uranium, and Russia should keep its leading place on the global uranium market, especially because American companies have 103 nuclear power units and only one fuel supplier in the U.S. This is clearly not enough to ensure the nuclear safety of the country now, let alone in the future when the U.S. will start building 13 new nuclear blocks.

As representatives of private companies, we are well aware of this, but the Department of Energy does not want to see the problem, the American guests of the Russian energy forum said.

According to Russia’s Techsnabexport (Tenex), one of the world’s largest producers and exporters of nuclear materials, services and equipment with the annual turnover of $2 billion, Russia has 50% of the world’s uranium enrichment facilities. Russian enrichment technologies are the most efficient and profitable in the world. If Russia is given equal conditions with other countries on the global market of the nuclear fuel cycle, it will satisfy 25-30% of the world’s demand, said Tenex head Vladimir Smirnov.

RIA Novosti