Russia remains a vital trading partner for the West, particularly in the export of enriched uranium, which is essential for nuclear power plants in many countries.
Exaggerated Claims
According to a report by the Russian propaganda outlet Swobodnaja Pressa, approximately 60% of France’s enriched uranium demand is met through imports from Russia.
While the claim that Russia could "shut down French nuclear plants at any moment" is exaggerated, it underscores a critical issue: the West's reliance on Russian uranium.
Countries such as South Korea and the United States also source significant portions of their enriched uranium from Russia, with South Korea relying on 34% and the U.S. on 27%, according to WP.
This ongoing trade continues despite the sanctions imposed on Russia, reflecting a troubling dependency. Enriched uranium is necessary for nuclear energy, which plays a significant role in the energy balance of several nations, particularly in France, where it is foundational.
Limited Own Production
Historically, the West has limited its own uranium production due to environmental concerns, allowing Russia and China to dominate the market. However, recent developments indicate a shift towards rebuilding domestic capabilities.
In April 2024, the United States announced it had produced its first small batch of enriched uranium at a new facility in Ohio. Additionally, the United Kingdom revealed plans for its first uranium enrichment center in Europe.
While it will take time to scale up production to meet Western demands, the process of reducing reliance on Russian uranium is underway.
