Summary
- US President Joe Biden signed into law the Prohibiting Russian Uranium Imports Act, banning the import of uranium products from Russia.
- Waivers may be granted for limited import of Russian uranium until 2028.
- The ban aims to secure US energy sector, jump-start domestic enrichment capacity, and support long-term growth in the nuclear sector.
- Concerns over fuel supplies affecting companies developing small and advanced modular reactors.
