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Russia continues uranium deliveries as typical, and can supply to U.S. under unique waivers - Rosatom

Russia's state nuclear corporation Rosatom, the world's largest provider of enriched uranium, said on Monday it was providing uranium to all of its consumers as normal which materials to the United States could take place under a special regime.

Russia stated on Friday that it had actually imposed

momentary constraints

on the export of enriched uranium to the United States in action to U.S moves.

Uranium rates rose

on the choice.

In May, President Joe Biden signed into law a restriction on Russian enriched uranium, though the U.S. likewise has the capability to provide waivers if there are supply concerns.

The decree forbiding the export of uranium items from Russia to the United States ... is an awaited reciprocal response to the actions of the U.S. authorities, Rosatom stated in a statement.

The decree also establishes an unique licensing routine that permits the supply of Russian uranium items to the United States and U.S. clients, Rosatom stated.

Supply of Russian uranium items to other countries continues the same, under terms concurred upon with our clients and in compliance with appropriate laws and guidelines.

Russia holds about 44% of the world's uranium enrichment capability and around a 3rd of U.S. nuclear fuel imports used to originated from Russia, according to the U.S. office of nuclear energy.

Kremlin spokesperson Dmitry Peskov stated the Russian move was a retaliatory step however that the objective was not to harm Russian interests.

Indeed, a ban has been introduced, however in cases where it remains in our interests, the Federal Service for Technical and Export Control of Russia may decide to omit from this list of restrictions, Peskov stated.

We are not speaking about any damage to our interests here.

Rosatom, produced by a presidential decree in 2007, says it is the only business in the world that has all technologies of the nuclear fuel cycle, from uranium mining and nuclear research to structure, sustaining and running nuclear power plants.

(source: Reuters)