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The United States Has Taken The First Step Away From Russian Uranium

The United States Has Taken The First Step Away From Russian Uranium

The US and Rosatom are discussing reducing the supply of Russian uranium from 20% to 17% of US needs, according to a document posted on the Federal Register website on Monday.

"The us Department of Commerce and Rosatom started working on the draft amendments to the agreement on September 11, 2020… In General, the draft changes will reduce the US dependence on uranium imports from Russia in the long term… That corresponds to an average of about 17% over the next 20 years, " the document says.

We are talking about amendments to the agreement on suspending the anti-dumping investigation of uranium from Russia.

According to the US, in the early 1990s, the supply of cheap uranium from Russia collapsed prices on the world market. The United States has imposed a barrier duty on the supply of low-enriched uranium from Russia in the amount of 112%. This duty blocked Russia's supply of uranium to the United States outside the quota under the intergovernmental agreement HEU-LEU (highly enriched and low-enriched uranium).

The HEU-LEU agreement signed in 1994 provided for the conversion of highly enriched uranium from Russian nuclear weapons into low-enriched uranium. On the fuel received by the HEU working almost half of the American nuclear power plants.

The anti-dumping investigation was suspended on October 16, 1992, when the Russian Ministry of energy and the US Department of Commerce signed an agreement to investigate the supply of uranium products from the Russian Federation (SPAR).

The terms of the SPAR concluded in a "non-market" format blocked free access for the entire range of possible Russian uranium exports, except for volumes under the HEU-LEU contract. Deliveries under the agreement between the government of the Russian Federation and the government of the United States on the use of highly enriched uranium extracted from nuclear weapons of February 18, 1993 (HEU-LEU) are made exclusively to the USEC Corporation, an American monopoly manufacturer of enriched uranium.

In 2008, amendments to the SPAR were signed, which allowed the Russian Federation to go directly to American energy companies.

The U.S. Department of Commerce (Commerce) and State Atomic Energy Corporation Rosatom (Rosatom) have initialed a draft amendment to the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation (Agreement). The draft amendment will allow the Russian Federation to export Russian uranium products to the United States in accordance with the export limits and other terms detailed in the amendment. Commerce is inviting interested parties, industrial users, and the public to comment on the text of the draft amendment to the Agreement.

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