How do you like your energy?

Editor's note: Sanctions against Russia are going to further risk higher energy prices in America. Get ready because even if there are exemptions, banning uranium from Russia will cause higher energy prices in the US. In this commercial proxy war of attrition against Russia by the collective west they are doing everything they possibly can to economically and financially crush Russia. Before this uranium ban Russia provides about 24% of the enriched uranium used in US reactors. The ban is also going to disrupt the global uranium market. Russia will likely shift its attention to other countries that import uranium from Russia. A big factor here is that Niger is the world's 5th largest uranium producer and the US and France just recently pulled their military out of the country.

________

Source: The Libertarian Institute

Biden Signs Bill Banning Russian Uranium, Gives Billions for American Production

By Kyle Anzalone | May 14, 2024

A cascade of gas centrifuges at a U.S. enrichment plant

President Joe Biden signed a bill into law that bans Russian uranium imports and provides nearly $3 billion in handouts to boost domestic production. The bill provides an exemption to allow US companies to import Russian uranium if they have no other options.

On Monday, the 'Prohibiting Russian Uranium Imports Act' became law after months of delay. The House passed the legislation in December, but Sen. Ted Curz blocked the vote over unrelated objections to provisions that were removed from the NDAA. The Senate unanimously passed the bill last month.

A lobbyist for American uranium producers criticized the government for taking so long to pass the law but celebrated the Russian ban. "It's kind of ridiculous that it took as long as it did to get to this stage," said Scott Melbye, executive vice president of mining company Uranium Energy and president of the Uranium Producers of America. "But we’re just glad that we got here."

The law requires the 90-day ban on Russian enriched uranium imports unless the nuclear fuel is deemed essential. The US government can grant waivers through 2028. Additionally, the law provides $2.7 billion to boost domestic uranium production.

Please go to The Libertarian Institute to continue reading.

________

Analysis: Self-Sabotage: The Russian uranium ban threatens an energy shock for the US:

MASSIVE HYPOCRISY EXPOSED: Foreign Minister of Hungary Tells the Truth About Western Sanctions: