https://en.sputniknews.africa/20240330/russias-rosatom-says-it-outlined-steps-to-reduce-damage-from-possible-uranium-supplies-ban-1065831886.html
Russia's Rosatom Says It Outlined Steps to Reduce Damage From Possible Uranium Supplies Ban
Russia's Rosatom Says It Outlined Steps to Reduce Damage From Possible Uranium Supplies Ban
Sputnik Africa
MOSCOW (Sputnik) - Uranium is a vital component for the production of nuclear fuel, which is used in nuclear power reactors worldwide, according to the... 30.03.2024, Sputnik Africa
2024-03-30T09:22+0100
2024-03-30T09:22+0100
2024-03-30T09:22+0100
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rosatom
united states (us)
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Restrictions on Russian uranium supplies to global markets are unlikely, but Russian state corporation Rosatom has nevertheless outlined measures to reduce the damage to itself and to its customers, according to the 2023 report of Rosatom subsidiary Atomenergoprom for the Russian Accounting Standards. Furthermore, it is unlikely that any politically motivated restrictions that will significantly affect the company's activities in its core markets for uranium products will be introduced, and it is highly unlikely that Moscow will take similar countermeasures, according to the report. At the same time, sanctions do not have a critical impact on the company's work in the nuclear energy sector, according to the report. In December 2023, the US House of Representatives adopted a bill banning imports of Russian low-enriched uranium until 2040. The bill envisages limiting the import of low-enriched uranium produced in Russia or Russian-based companies.At the same time, it authorizes the US secretary of energy, in coordination with the Secretary of State and the head of the US Department of Commerce, to lift this ban if other sources of uranium supplies are unavailable or the import of Russian nuclear fuel is in the national interests of the United States. Prices on the global uranium market spiked after the US announced its intentions to ban uranium supplies from Russia.
https://en.sputniknews.africa/20240329/russias-rosatom-received-orders-for-about-15-more-floating-npps-following-atomexpo-head-says-1065819431.html
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russia, rosatom, united states (us), us sanctions, nuclear fuel, nuclear energy, international
russia, rosatom, united states (us), us sanctions, nuclear fuel, nuclear energy, international
Russia's Rosatom Says It Outlined Steps to Reduce Damage From Possible Uranium Supplies Ban
MOSCOW (Sputnik) - Uranium is a vital component for the production of nuclear fuel, which is used in nuclear power reactors worldwide, according to the International Atomic Energy Agency.
Restrictions on Russian
uranium supplies to global markets are unlikely, but Russian state corporation Rosatom has nevertheless outlined measures to reduce the damage to itself and to its customers, according to the 2023 report of
Rosatom subsidiary Atomenergoprom for the Russian Accounting Standards.
"Despite the low risk of such restrictions, measures have been worked out to reduce the damage to both buyers and the company, including an analysis of the possibilities of transferring orders to domestic enterprises, legal protection of the company's interests, etc.," the report read.
Furthermore, it is unlikely that any politically motivated restrictions that will significantly affect the company's activities in its core markets for uranium products will be introduced, and it is highly unlikely that Moscow will take similar countermeasures, according to the report.
"The generally long-term nature of contracts typical for the global uranium market and the duration of the production and logistics cycle of nuclear fuel make it unlikely that the company's supplies will be replaced without posing a threat to the energy security of the countries that purchase uranium products," the report also said.
At the same time, sanctions do not have a critical impact on the company's work in the nuclear
energy sector, according to the report.
In December 2023, the US House of Representatives adopted a bill banning imports of Russian low-enriched uranium until 2040. The bill envisages limiting the import of low-enriched uranium produced in
Russia or Russian-based companies.
At the same time, it authorizes the US secretary of energy, in coordination with the Secretary of State and the head of the US Department of Commerce, to lift this ban if other sources of uranium supplies are unavailable or the import of Russian nuclear fuel is in the national interests of the United States.
Prices on the global uranium market spiked after the US announced its intentions to
ban uranium supplies from Russia.
