Can The U.S. Kick Its Reliance On Russian Uranium?

Can The U.S. Kick Its Reliance On Russian Uranium?

Can The U.S. Kick Its Reliance On Russian Uranium?

Back in early March shortly after Russia’s invasion of Ukraine, President Biden signed an executive order to ban the import of Russian oil, liquefied natural gas, and coal to the United States. Although the ban together with EU sanctions have been blamed for skyrocketing global energy prices, U.S. refiners are none the worse for wear since Russia supplied just 3% of U.S. crude oil imports. However, the punters were quick to point out that one notable export was left off of that list: uranium. The U.S. is far more reliant on Russian uranium,…