georgemiller
Publish Date: Mon, 18 Nov 2024, 20:26 PM

MOSCOW, Nov 18 (Reuters) - Russia's state nuclear corporation Rosatom, the world's largest supplier of enriched uranium, said on Monday it was delivering uranium to all of its customers as usual and that supplies to the United States could take place under a special regime.
Russia said on Friday that it had imposed temporary restrictions on the export of enriched uranium to the United States in response to U.S moves. Uranium prices rose on the decision.
In May, President Joe Biden signed into law a ban on Russian enriched uranium, though the U.S. also has the ability to issue waivers if there are supply concerns.
"The decree prohibiting the export of uranium products from Russia to the United States... is an anticipated reciprocal response to the actions of the U.S. authorities," Rosatom said in a statement.
"The decree also establishes a special licensing regime that permits the supply of Russian uranium products to the United States and U.S. customers," Rosatom said.
"Supply of Russian uranium products to other countries continues unchanged, under terms agreed upon with our customers and in compliance with applicable laws and regulations."
Russia holds about 44% of the world's uranium enrichment capacity and around a third of U.S. nuclear fuel imports used to come from Russia, according to the U.S. office of nuclear energy.
Kremlin spokesman Dmitry Peskov said the Russian move was a retaliatory measure but that the aim was not to harm Russian interests.
"Indeed, a ban has been introduced, but in cases where it is in our interests, the Federal Service for Technical and Export Control of Russia may decide to exclude from this list of prohibitions," Peskov said.
"We are not talking about any damage to our interests here."
Rosatom, created by a presidential decree in 2007, says it is the only company in the world that has all technologies of the nuclear fuel cycle, from uranium mining and nuclear research to building, fuelling and running nuclear power plants.
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https://www.reuters.com/markets/commodities/russia-continues-uranium-deliveries-usual-can-supply-us-under-special-waivers-2024-11-18/