Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

U.S., Russia Agree to Extend Limits on Russian Uranium Imports

Oct. 6, 2020, 4:56 PM

The U.S. Commerce Department and the Russian government have agreed to extend for 20 years limits on imports of Russian uranium, the Trump administration announced Tuesday in a move it said would benefit American miners and others in the domestic nuclear industry.

The agreement with Russia’s State Atomic Energy Corporation Rosatom extends through 2040 a previous agreement that was set to expire at the end of the year. If that had occurred, it “would have resulted in unchecked imports of Russian uranium,” the Commerce Department said in a statement.

Commerce Secretary Wilbur Ross discusses the deal to limit Russian uranium imports.
Source: Bloomberg)

“Today’s landmark agreement will contribute to the revitalization of American ...