Reuters: US utilities push White House not to sanction Russian uranium

The US nuclear power industry is lobbying the White House to allow uranium imports from Russia to continue despite the escalating conflict in Ukraine, with cheap supplies of the fuel seen as key to keeping American electricity prices low, according to two sources familiar with the matter, Report informs, citing Reuters.

The United States relies on Russia and its allies Kazakhstan and Uzbekistan for roughly half of the uranium powering its nuclear plants - about 22.8 million pounds (10.3 million kg) in 2020 - which in turn produce about 20% of US electricity, according to the US Energy Information Administration and the World Nuclear Association.

The National Energy Institute (NEI), a trade group of US nuclear power generation companies including Duke Energy Corp (DUK.N) and Exelon Corp (EXC.O), is lobbying the White House to keep the exemption on uranium imports from Russia, the sources said.