US nuclear power plant operators buy about $1 billion worth of nuclear fuel from Rosatom yearly, or about 20% of US demand for enriched uranium. Many EU countries also rely on Russian nuclear fuel.
Because of this dependence, Rosatom's core business has avoided sanctions and continues to expand, with nearly 20 new agreements and memorandums of cooperation signed in 2023, mainly with Asian and African countries interested in affordable nuclear technologies. All NPP construction projects launched since the start of Russia's full-scale invasion of Ukraine in February 2022 are progressing. These relations serve Russian strategic interests, preserving its geopolitical influence.
While Western States focus on diplomacy and selective economic sanctions, Rosatom's strategic maneuvers are a serious challenge. According to the American Сongressman, curbing Russia's ambitions requires complex actions, including automatic sanctions against all Rosatom assets acquired after 24 February 2022, and all research organizations associated with Rosatom to limit Russia's access to modern technologies.
"Sanctions will only be effective when the United States and the G-7+ demonstrate unity, strength, and resilience, because transatlantic cooperation can create opportunities to reduce dependence on Russia," Doggett summarized.
Related:
- UK invests in high-tech nuclear fuel to push Russia out of market
- Russia’s nuclear arsenal has a bottleneck
- US and Europe continue importing Russian nuclear products despite sanctions – Economic Times
 
			
 
				 
						 
						 
						