The uranium market is far more monopolized and sensitive to prices, the effect of a ban on its shipments from Russia would have been stronger than from sanctions on petroleum product shipments, Rosatom CEO Alexei Likhachev told journalists on Saturday.
“If we talk about a negative impact from the absent supply of diesel and petroleum products or oil from Russia to the United States, then you imagine what kind of negative effect there would be from such a ban on uranium shipments – a market that is far more monopolized and more sensitive in price terms and is simply fundamentally important not only for the economy, but for the security of the nuclear power industry as well,” Likhachev said.
“That is why, in juxtaposing these parameters, all of us are, of course, determined to further develop the positive dialogue,” he said.
In May 2024 the U.S. imposed restrictions on Russian uranium imports, to be banned entirely from 2028. Russia responded in November by imposing temporary restrictions on enriched uranium exports to the U.S. The UK also banned Russian uranium imports from May 2026.
On Friday, U.S. President Donald Trump announced on Truth Social that he and Russian President Vladimir Putin spoke by phone to discuss Russian diesel fuel supplies to the U.S. and world
Source: Interfax