EU and US doubled purchases of nuclear fuel & uranium from Russia in 2023

An analysis by the Norwegian NGO Bellona of transborder trade operations with the customs code 840130 (irradiated fuel assemblies or fuel elements) show a more than twofold increase of import to EU countries of fresh nuclear fuel in cash terms – from 280 million Euros in 2022 to 686 million Euros in 2023. In physical terms this means an increase of deliveries from 314 tons of nuclear fuel to 573 tons.
Bellona also reported that the import of enriched uranium from Russia to the USA grew in 2023 to a record level of $1.2 billion, 40% more than the import volume for 2022. With rising prices, import also increased in physical volumes by around 20%, from 588 tons in 2022 to 702 tons in 2023.

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