US Cross-Party Legislation Would Introduce 500% Uranium-Related Sanctions On Russia And Other Countries

Hefty tariff would hit goods from countries that buy Russian uranium

US Cross-Party Legislation Would Introduce 500% Uranium-Related Sanctions On Russia And Other Countries
Uranium concentrate, often called yellowcake, has commercial uses as the fuel for civilian nuclear reactors and in medical applications.

A group of 50 Republican and Democratic senators has introduced a sanctions package that would impose 500% tariffs on imported goods from countries that buy Russian uranium and other products.

Senators Lindsey Graham, a South Carolina Republican, and Connecticut Democrat Richard Blumenthal are the lead sponsors of the bill.

They said in a joint statement that the sanctions would be imposed if Russia refuses to engage in good faith negotiations for a lasting peace with Ukraine or breaches an eventual agreement.

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