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U.S. Senate Unanimously Passes Bill to Ban Russian Uranium Imports, Awaits Biden's Signature

May 1, 2024, 02:25 AM

The U.S. Senate has unanimously passed legislation banning the import of enriched uranium from Russia, a significant move aimed at reducing America's dependency on Russian nuclear fuel. The bill, which received bipartisan support, will now proceed to President Biden for approval and will take effect 90 days after enactment. Russia, which supplied almost 25% of the uranium fueling U.S. reactors, has been the largest foreign supplier. The legislation includes provisions for waivers to ensure a stable supply for domestic reactors and allocates $2.7 billion to bolster the domestic uranium industry. The bill's passage is part of broader efforts to counter Russian influence and support American energy independence.