Russia possesses a key resource for clean energy that many nations want, including the United States.
, further damaging the Russian economy, but Russia still maintains a firm grasp on a horde of something that many other countries want: nuclear fuel.
Nuclear energy, which generates power through a process of splitting uranium atoms, has evaded sanctions more than a year into the war. Enriching uranium is a highly specialized process that can only be done in certain countries, such as Russia. Russia has some of the world's largest uranium supplies, and it also excels in the necessary process of converting it to enriched uranium, which then can be used as nuclear fuel.
Russian President Vladimir Putin attends a ceremony resuming trams operation in the Azov Sea port city of Mariupol in Russian-controlled Donetsk region, via a video link from Saint Petersburg on May 2, 2023. In 2022, United States companies bought $1 billion worth of nuclear fuel from Russia.Because of this, Rosatom State Nuclear Energy Corporation—Russia's collection of nuclear suppliers—provides a quarter of the U.S.
Nuclear fuel is experiencing a revival as the world battles the effects and increased concerns of climate change. Nuclear energy is zero-emissions and is the second largest source of low-carbon electricity in the world behind hydropower, according to a website by the U.S. Department of Energy's Office of Nuclear Energy.
In March, the U.S.'s first nuclear reactor in seven years started nuclear reactions in Georgia. CNBC reported that including the new reactor, there are 93 reactors throughout the United States providing a fifth of the nation's energy. A quarter of the nuclear resources needed to power that energy is sourced from Rosatom.
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