Keeping the Russian Uranium Supply Chain Intact: Efforts by US Authorities

The US Federal International Trade Commission has stated that it will not stop the anti-dumping investigation initiated against uranium supplies from Russia and maintains the current conditions for the supply of the product to the US market.

The document states that “based on the results of the review, the termination of the pending investigation into uranium from Russia may result in continued or recurring material damage to US industry for a reasonably foreseeable period of time.” The US Department of Commerce reportedly came to the same conclusion in late December.

Since 1992, the supply of these goods has been subject to the terms of a bilateral agreement to suspend the anti-dumping investigation against Russian exports, and such a review is carried out by the US authorities every five years.

The fifth completed review began on September 1, 2022, and the previous one in 2017. Then the US government also spoke in favor of maintaining the current system of deliveries of Russian uranium products to the US market.

In October 2020, the US Department of Commerce and the Russian state company Rosatom extended until 2040 an agreement to suspend an anti-dumping investigation on uranium supplies from Russia, the same agreement was signed in 1992, and amendments were signed in 1994. 1996 , 1997 and 2008. This method of supplying Russian uranium products to the US market is limited by certain quotas.

After the conclusion of the agreements in 2008, Rosatom planned to expand its presence in the US market, and in 2011 the Russian-American intergovernmental agreement on cooperation in the field of peaceful uses of atomic energy came into force.

However, after a sharp deterioration in Russian-American relations that began in 2014, plans to deepen cooperation in the field of peaceful atom have already been curtailed.

Source: TASS

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