Biden signs bill banning imports of Russian uranium for nuclear fuel
Publishing timestamp: 2024-05-14 15:59:10
Summary
The U.S. is banning imported Russian uranium starting in mid-August, unlocking federal funding to expand the country's uranium industry. Exchange-traded funds tracking uranium prices rose slightly. The ban allows waivers for utilities, but all waivers will end by Jan. 1, 2028. Russia's ambassador criticized the move as a failed attempt by the Biden administration.
Sentiment: MIXED
Keywords: energy, foreign policy, global x uranium etf, environment, united states, breaking news: politics, russia, joe biden, government and politics, business news, politics, sprott uranium miners etf,