The Biden administration is considering banning the import of enriched uranium from Russia until Congress passes the corresponding legislation, Bloomberg reported.
Uranium stocks surged as the Biden administration considers an executive order to ban Russian imports of enriched uranium due to stalled congressional efforts, citing economic risk and dependency concerns.
US President Joe Biden and his G7 have vowed to end imports of Russian nuclear fuel, but leading Western economies still lag behind Moscow in innovative atomic technologies, nuclear expert Valery Menshikov told Sputnik.
President Joe Biden announced on Friday that a US domestic firm had managed to produce its first 200 pounds (90 kilograms) of high-assay low-enriched uranium (HALEU), insisting that the US can no longer rely on Russia s nuclear fuel.
Middle East News: Iran is edging closer to nuclear weapons capability and Teheran is rapidly accumulating enriched uranium, "some of it very close to weapons grade", Wa