Biden Signs Law Banning Russian Uranium Imports

The legislation aims to boost domestic uranium production and cut off a key revenue source for Russia amid the ongoing Ukraine conflict.

The ban on Russian uranium imports will take effect in 90 days, with waivers available until 2028 for supply concerns.
Russia supplied 24% of the enriched uranium used by U.S. nuclear reactors in 2022.
The law unlocks $2.7 billion in funding to develop a domestic uranium supply chain.
Environmental and indigenous groups express concerns over increased domestic uranium mining.
Russia criticizes the ban as discriminatory and harmful to the global uranium market.