Bipartisan Bill Extends Limits on Importing Russian Uranium
Rep. Xochitl Torres-Small, D-N.M., and Rep. Rob Bishop, R-Utah, introduced a bill June 8 that would extend the limits on importing Russian uranium.
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The two countries have had an agreement suspending antidumping duties on Russian uranium imports since 1992, and the last renewal was in 2008, which set a maximum cap of 20% of the enriched uranium market for imports from Russia through 2020. This bill would extend the suspension agreement to 2035, and asks the government to re-evaluate the limits based on forecasts for demand, and would require the lower-end estimate to be used for determining the cap.
Torres-Small noted that the working group formed after the president decided not to put Section 232 tariffs on imported aluminum recommended that the suspension agreement be continued, as it is “the United States’ sole buffer preventing Russia from forcing all enrichment services out of the United States, further decimating the front-end of the nuclear fuel cycle.”