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New sanctions should include Moldovan oligarchs helping Russia to destabilise the EU candidate country, Estonia, France, and Romania also said. And they should include Russian nuclear firm Rosatom, Lithuania added. The Rosatom sanctions could include board members and new contracts, Lithuania's Gabrielius Landsbergis said, leaving Rosatom free to finish up ongoing projects in Bulgaria and Hungary.
...While the anonymous source did not reveal any details of the new sanctions, it was reported that Baltic and Finnish foreign ministers have said that the EU could sanction Russian nuclear energy giant Rosatom and Russians who have aided in evading the sanctions all this time...
Russia-U.S. tensions could lead to uranium export ban, causing uranium price to soar [09.03.23] Adnani pointed out that 20 percent of the United States's energy generation is from nuclear power, and that the U.S. produces very little uranium domestically. Most of the country's uranium is imported from Russia, Kazakhstan, and Uzbekistan. "The U.S. is the largest consumer of uranium in the world," he said. "They consume 50 million pounds per annum. There is almost zero domestic production capabilities right now." Adnani, who has two decades of experience in the uranium industry, said that if the U.S. sanctions Russian uranium or Russia enacts an export ban, the results would "shake this market," causing "upward pressure" on the uranium price. However, he said that the uranium price, which is currently trading at around $51 per pound, needs to reach at least $60 in order to make mining economically feasible.
"The U.S. is the largest consumer of uranium in the world," he said. "They consume 50 million pounds per annum. There is almost zero domestic production capabilities right now."
Adnani, who has two decades of experience in the uranium industry, said that if the U.S. sanctions Russian uranium or Russia enacts an export ban, the results would "shake this market," causing "upward pressure" on the uranium price. However, he said that the uranium price, which is currently trading at around $51 per pound, needs to reach at least $60 in order to make mining economically feasible.
bloomberg | World's Top Uranium Miner Sees Clients Switching From Russia, 11 Apr if wishes
Some nuclear plants in Eastern Europe, which previously sourced enriched uranium from Russia, are seeking contracts from 2025, Kazatomprom Chief Executive Officer Yerzhan Mukanov said. [...] Kazatomprom plans to open a third export route this year, shipping uranium via one of China's ports, the CEO said. The miner currently ships the atomic fuel through Russia and across the Caspian Sea to the Black Sea. There is growing demand from China, which is seeking uranium to load planned new nuclear power plants and to increase its own stockpiles, Mukanov said. China's goal is to have "uninterrupted long-term supplies," he said.
There is growing demand from China, which is seeking uranium to load planned new nuclear power plants and to increase its own stockpiles, Mukanov said. China's goal is to have "uninterrupted long-term supplies," he said.
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