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home / news releases / EFR:CC - Imposing Sanctions on Russian Imports May Be Easier Said Than Done for the EU


EFR:CC - Imposing Sanctions on Russian Imports May Be Easier Said Than Done for the EU

The future of nuclear energy is becoming uncertain as the European Union looks for ways to decrease its dependence on oil and gas from Russia, which invaded Ukraine last month. Russia is the second-largest source of uranium around the globe despite the supply chain’s diversification, with countries such as Canada, Kazakhstan and Niger contributing substantial amounts of uranium. Currently, the domestic production of uranium in the EU is still low, with uranium being supplied from foreign sources making up more than 90% of total consumption.

Russia, which has the biggest enrichment capacity globally, is also a major provider of enriched uranium. China has the...

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NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU

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Stock Information

Company Name: Energy Fuels Inc.
Stock Symbol: EFR:CC
Market: TSXC
Website: energyfuels.com

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