Russia is funding its war on Ukraine by selling $billions of uranium to Europe’s nuclear industry- no sanctions on that!
The Russian nuclear industry has once again managed to avoid inclusion in the latest round of EU sanctions – the eighth in a row to skirt this vital issue in an apparent acknowledgment that Europe’s dependence on Russian nuclear fuel cannot easily be reversed.
Since the start of the war in February, the media has been so focused on Russian fossil fuels, particularly natural gas, that it has avoided any discussion of Europe’s nuclear dependence on Russia completely. However, the topic can no longer be safely ignored. The Kremlin has already earned several hundred billion dollars so far this year by selling fossil fuels to Europe, a financial cushion that has allowed Moscow to fund its horrific war in Ukraine.
While Europe is less reliant on Russia supplying its atomic energy sector than it is its fossil fuel sector, the dependence of the European atomic energy industry on Russian nuclear fuel is as surprising as it is alarming. Much work has gone into weaning Europe off Russian fossil fuels, with time being of the essence as Brussels seeks to curtail Moscow’s lucrative revenue streams as quickly and as comprehensively as possible. However, its nuclear industry has not yet been the focus of any such efforts.
Moscow Times 22nd Oct 2022
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