Nuclear Powers Pledge to Push Putin Out of Uranium Markets
- G-7 countries pool nuclear-fuel capacity to challenge Russia
- Kremlin-led Rosatom dominates global nuclear supply chains
The Rosatom Corp. Novovoronezh NPP nuclear power station in Novovoronezh, Russia.
Source: Bloomberg
This article is for subscribers only.
Nuclear powers within the Group of Seven nations pledged to end Russia’s dominance over global atomic-fuel markets, potentially cutting off a critical source of geopolitical currency for Russian President Vladimir Putin more than a year after his invasion of Ukraine.
Canada, France, Japan, the UK and US committed on Sunday to jointly dislodge Russia from global nuclear supply chains. Even amid Western sanctions over the war, the Kremlin’s state-owned nuclear giant, Rosatom Corp., has remained the world’s biggest exporter of reactors and fuel.