After spending $1 Billion per year US administration decides now’s the time to ban Russian uranium

enriched-uranium-canisters Canisters filled with enriched uranium at the Urenco USA uranium enrichment facility in New Mexico on July 11, 2023. Photo: Mark Felix/Bloomberg via Getty Images

Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Biden signs Russian uranium ban
  • Why it matters: The U.S. spends an estimated $1 billion per year on nuclear fuel from Russia, so the new law cuts off a key source of revenue as Putin’s forces escalate their war on Ukraine and drive military spending to levels not seen since the Soviet Union in the mid-1980s.
  • Congress moved to ban Russian oil, gas and coal soon after the full-scale Russian military invasion of Ukraine began in February 2022, but Russia supplies about 20% of its enriched uranium for U.S. nuclear fuel.
  • The legislation could shake up the industry’s supply and initiating nuclear fuel supply programs will be crucial for the Biden administration to avoid industry disruptions and obstacles for the next generation of reactors, Axios’ Nick Sobczyk reports.
  • Zoom in: The measure, dubbed the Prohibiting Russian Uranium Imports Act, unlocks $2.7 billion in new funding for nuclear fuel supply programs at the Department of Energy.

Read the original article by clicking here.