Even as the Russia-Ukraine was persists, American companies pay around $1 billion yearly to Russia’s state-owned nuclear agency to buy fuel that generates over 50% of the country’s emissions-free energy.
It’s not just nuclear power companies that rely on Russian uranium. U-S-based companies need the supply to transition away from burning fossil fuels. Hence, the $1 billion uranium cash flow from the U.S. to Russia continues despite significant efforts by Western allies to sever economic ties with Moscow.
