U.S. Senate passes ban on Russian uranium imports

The legislation bans imports into the U.S. 90 days after enactment, while allowing temporary waivers until January 2028.

According to the U.S. Department of Energy, the Russian Federation supplies nearly a quarter of the enriched uranium used to fuel 90 U.S. commercial reactors, making it the top foreign supplier.

This earns Moscow about $1 billion a year.

The Biden administration has called for a "long-term ban" on Russian imports, necessary to free up some $2.7 billion to develop the domestic uranium industry.