The U.S. nuclear power industry is lobbying the White House to allow uranium imports from Russia to continue despite the escalating conflict in Ukraine, with cheap supplies of the fuel seen as key to keeping American electricity prices low, according to two sources familiar with the matter.
The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear plants – about 22.8 million pounds (10.3 million kg) in 2020 – which in turn produce about 20% of U.S. electricity, according to the U.S. Energy Information Administration and the World Nuclear Association.
“The (U.S. nuclear power) industry is just addicted to cheap Russian uranium,” said one of the sources, who declined to be named, citing the sensitivity of the situation.Utilities Ask for No Sanctions on Russian Uranium | Climate Denial Crock of the Week
The blowback is already starting… there will be higher prices on EVERYTHING, since Russia exports a LOT of cheap things just like China. And just like that, billionaires will PROFIT from those much higher prices, with much higher PROFITS.