U.S. Senate unanimously votes to ban the import of Russia's enriched uranium

U.S. Senate
U.S. Senate

The U.S. Senate unanimously voted to adopt a bill banning the import of enriched uranium from Russia on the evening of April 30, before the document was sent to President Joe Biden for signature, Bloomberg reported.

The bill will become law 90 days after he signs the document.

Some exceptions will be allowed until January 2028. If there are no other sources of supply, the U.S. Department of Energy will be allowed to issue permits to import enriched uranium from Russia.

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The law is set to expire at the end of 2040.

Russia supplied nearly a quarter of the enriched uranium used as fuel for the U.S. fleet of more than 90 commercial reactors, making it the top foreign supplier.

Those sales bring Russia about $1 billion a year.

Replacing those supplies could prove challenging and risks raising the price of enriched uranium by as much as 20%.

The White House has called for a "long-term ban" on Russian imports, which is needed to unblock about $2.7 billion in support for the domestic uranium industry granted by Congress earlier this year.

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Read the original article on The New Voice of Ukraine