Uncertainty over whether the European Union will ban Russian nuclear fuel is delaying investment in Europe's uranium enrichment industry, Urenco's CEO said, with the bloc still to rule on the matter despite a vow to cut dependence on Russian energy. More than four years since Russia's full-scale invasion of Ukraine, nuclear fuel from Russia remains exempt from EU import bans or sanctions, despite the bloc introducing restrictions on its oil and gas. The European Commission said in May 2025 it would propose a phase-out of Russian nuclear fuel, but has still not done this. A European Commission spokesperson did not immediately respond to a request for comment.
"We need political guidance of what societies want from us. In Europe, that is missing. In the UK, we got it. In the U.S., we got it. Not in Europe," Boris Schucht said in an interview.
