The U.S. Commerce Department has signed a draft agreement with the Russian State Atomic Energy Agency (Rosatom) to reduce uranium imports from Russia to bolster the American nuclear industry.
The US Commerce Department said it was drafting amendments to a 1992 agreement on the suspension of an anti-dumping investigation into uranium imports from Russia.
In a statement, the ministry signed a draft agreement with Rosatom on the amendment, noting that if the amendment is implemented, this agreement will be extended until 2040, during which the US dependence on uranium from Russia will be reduced.
GOAL TO PROTECT AMERICAN NUCLEAR INDUSTRY
“This draft agreement represents an important step for the American nuclear industry,” U.S. Commerce Secretary Wilbur Ross said in a statement.”he made his assessment.
Ross said America’s nuclear energy industry would be protected if the change was made.
The draft amendment envisages reducing the amount of uranium imported from Russia from the 20 per cent specified in the current agreement to an average of 17 per cent over the next 20 years and 15 per cent from 2028.
The U.S. Commerce Department said opinions on the draft amendment would be received by September 28 and the amendment would be completed by October 5.