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Nuclear Fuel: Brussels Proposes "Gradual Phasing Out" of Russian Imports

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This week's European Commission plan to phase out remaining Russian energy imports, including a “gradual phasing out” of imports of Russian nuclear fuel, will nudge EU nuclear operators toward replacing Russian supply, but that effort is already well under way, and the proposal is unlikely to drastically impact European nuclear operators. The proposal prompted immediate pushback from Slovakia and Hungary. The legislation promised in the May 6 road map still needs to be drafted and introduced through the European Parliament, but it is nevertheless much more likely to pass than a sanctions package targeting Russian nuclear fuel, as, unlike sanctions, it does not require unanimous approval from EU member states.

Topics:
Nuclear, Nuclear Fuel, Tariffs
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