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Russia Uranium Curbs Mulled by Biden Threaten to Roil Market

  • Rosatom is the world’s biggest supplier of enriched uranium
  • Sanctions mulled by U.S. seen impacting European, U.S. firms
An employee monitors control systems in the operations room at a nuclear power station, operated by a unit of Rosatom Corp., in Novovoronezh, Russia.

An employee monitors control systems in the operations room at a nuclear power station, operated by a unit of Rosatom Corp., in Novovoronezh, Russia.

Source: Bloomberg

Updated on

Sanctions targeting Moscow’s nuclear industry that are being weighed by the Biden administration are fraught with risk for U.S. and European utilities that rely on reactor fuel from Russia.

The White House is considering sanctions on Russia’s state-owned atomic energy company, Rosatom Corp. -- the world’s biggest supplier of nuclear fuel and reactors -- as the Kremlin’s war against Ukraine enters its third week. The administration is consulting with the nuclear power industry about the potential impact, people familiar with the matter said Wednesday.