U.S. Energy Information Administration reports or major energy sector analytics firms

Biden Signs Bill to Ban Russian Uranium, Starts 90-Day Countdown

May 13, 2024, 11:33 PM

President Joe Biden has signed a bipartisan bill that bans the import of Russian enriched uranium into the United States. This legislation is aimed at reducing Russia's influence over the global nuclear fuel supply chain and curtailing significant financial flows from the U.S. to Russia amidst ongoing conflict in Ukraine. The bill includes a provision that enacts a 90-day countdown until restrictions on shipments of the reactor fuel commence. This move is expected to bolster American nuclear energy providers, with states like Wyoming poised to supply American-made nuclear fuel for domestic reactors. American companies were previously spending approximately $1 billion annually on Russian uranium.