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WASHINGTON, D.C. — Yesterday, President Joseph R. Biden signed into legislation H.R.1042, the Prohibiting Russian Uranium Imports Act. The passage and signing of this legislation will make sure the U.S. will not be reliant on imported uranium gasoline from the Russian Federation. It’ll ban the import of Russian uranium and revive home nuclear gasoline manufacturing by unlocking $2.72 billion not too long ago appropriated by Congress, on the request of the President, to broaden our home uranium enrichment and conversion capability.
“Our nation’s clear vitality future is not going to depend on Russian imports,” mentioned Secretary of Power Jennifer M. Granholm. “We’re making investments to construct out a safe nuclear gasoline provide chain right here in the USA. Which means American jobs supporting the Biden-Harris Administration’s dedication to a clear, secure, and safe vitality financial system.”
This announcement represents one other decisive step ahead by the Biden-Harris Administration to sever U.S. dependence on Russian materials and safe a robust home gasoline provide to help our Nation’s clear vitality belongings.
The brand new legislation takes impact on August 11, 2024. Recognizing that within the close to time period, implementing the ban might disrupt the operations of nuclear reactors, the legislation authorizes the Secretary of Power, in session with the Secretary of State and the Secretary of Commerce, to waive the prohibition and allow the import of Russian uranium if an applicant can present that it has no different viable supply of uranium or that such imports are within the nationwide curiosity. Any waiver by the Secretary of Power is topic to annual combination limits and can terminate on or earlier than January 1, 2028.
The implementation of the ban along with appropriations delivers on multilateral efforts to spur the event of a safe international nuclear vitality gasoline provide. Final December, the U.S. led a dedication with our allies and companions to collectively make investments $4.2 billion to ascertain a resilient international uranium provide market free from Russian affect. With the passage of this legislation this dedication has already been eclipsed in partnership with the efforts of France, the UK, Japan, and Canada.
You possibly can be taught extra in regards to the Administration’s efforts to safe the U.S. nuclear gasoline provide right here.
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