Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

U.S. weighs sanctions on Russian nuclear power supplier Rosatom -Bloomberg

FILE PHOTO: A participant is seen at the stand of Russian state nuclear agency Rosatom during the Russian Energy Week International Forum in Moscow, Russia October 13, 2021. REUTERS/Maxim Shemetov/File Photo

The United States was weighing sanctions on Russian nuclear power supplier Rosatom, Bloomberg reported on Wednesday, citing people familiar with the matter.

No final decision has been made and the White House is consulting with the nuclear power industry about the potential impact of imposing sanctions on Russia's state-owned atomic energy company, which is a major supplier of fuel and technology to power plants around the world, the report added.

It is unclear what the sanctions would mean for U.S. nuclear plants and importers of fuel, Bloomberg said

Russia's uranium production is controlled by Rosatom, which was formed by Russian President Vladimir Putin in 2007. The company is an important source of revenue for Moscow.

A source familiar with the matter told Reuters on Tuesday that U.S. President Joe Biden's ban on American imports of Russian oil and other energy products does not include a ban on imports of uranium for nuclear power plants.

(Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler and Jonathan Oatis)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.