Russian Sanctions Pose Risks to U.S. Nuclear Power Industry
Any restrictions on nuclear fuel from Russia ‘will have an immediate impact on the market.’
A tray of uranium pellets.
Photographer: Daniel Acker
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As economic sanctions pile up on Russia, there’s growing concern that export restrictions on the world’s top supplier of nuclear fuel has the potential to disrupt the U.S. power industry.
Russia produces about 35% of the world’s enriched uranium for reactors, about twice as much as the No. 2 provider, and supplies about 20% of the U.S. industry, according to UxC LLC, a nuclear industry researcher.