March 4, 2024 5:35 am

Russia denies claims of preemptive uranium embargo — RT Business News

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Bloomberg had earlier reported that Moscow may stop supplies to the US before Washington issues a ban

Russia is not planning to preemptively block enriched uranium exports to the US ahead of Washington’s decision on whether to ban the fuel as part of its sanctions, RBK news outlet reported on Friday, citing Tenex, a subsidiary of Russian nuclear energy giant Rosatom.

The statement came in response to a Bloomberg report on Thursday, which claimed that Tenex’s US branch had been warning its US clients of a potential ban. This would be a preemptive measure as Washington is considering legislation to block imports of Russian uranium from 2028.

Neither Tenex itself nor the company’s subsidiaries issued such warnings to their foreign customers,” the statement read.

We have always fulfilled our contractual obligations in full and on time and will continue to do so in the future.”

The company slammed what it called “speculation” about its relations with foreign customers as unacceptable. It also stressed that international trade in the nuclear energy sector should be “protected from geopolitical turbulence and protectionist restrictions.

The proposed US ban, which is part of Washington’s sanctions policy against Moscow, envisages restricting enriched uranium imports from Russia from 2028, but allows for imports to continue until that year through waivers to give local energy companies time to find new suppliers. The bill had been approved by the House of Representatives earlier this month, but was later blocked in the US Senate.

Russia owns about 50% of the world’s uranium enrichment infrastructure, which is critical for producing the nuclear fuel. The country was the largest global supplier of enriched uranium in 2022, accounting for nearly 36% of exports worldwide. US nuclear power plants imported some 12% of their uranium from Russia last year, making it the third-largest supplier after Canada (27%) and Kazakhstan (25%), according to the US Energy Information Administration.

For more stories on economy & finance visit RT’s business section

You can share this story on social media:

Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Russia denies claims of preemptive uranium embargo — RT Business News

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Discover more from ANR

Subscribe now to keep reading and get access to the full archive.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8