Since 2008, the suspension agreement has limited Russian uranium imports to 20% of the enrichment needs of U.S. reactors, calculated in separate work units (SEAs). It would have expired on 31 December if the proposal had not been finalised. The new agreement on the suspension of Russian uranium comes into force, Commerce Minister Wilbur Ross said in the statement: „This pioneering agreement will help revitalize the U.S. nuclear industry while promoting America`s long-term strategic interests.“ „This pioneering agreement will help revitalize the U.S. nuclear industry while promoting America`s long-term strategic interests,“ said Commerce Secretary Wilbur Ross. „This is another success for the Trump administration`s America First approach to international trade agreements.“ The total amount of Russian uranium and SEA material that could be imported would decrease from 2028, when the quota will increase from 20% to 15%, where it will remain until the agreement expires, the new agreement says. This is because the new agreement fills a gap in the previous agreement, which allowed Russia to use the 20% quota to sell not only enrichment, but also natural uranium and processing, he said. Washington — A proposal to extend the Russian suspension agreement until 2040 and reduce Russian uranium imports from 20 percent to 17 percent of U.S. needs was finalized on October 5, as announced by the U.S.
Department of Commerce in a statement released on October 6. The Russian suspension agreement is a trade agreement between the United States and Russia that suspends an anti-dumping investigation into Russian uranium and allows limited imports with an annual quota. On September 12, the U.S. Department of Commerce and Rosatom signed a proposal to extend the agreement until 2040 to prevent the introduction of new tariffs on imports from Russia that would have disrupted the U.S. nuclear fuel market. On 16 October 1992, Commerce signed an agreement with page 64113 of the Ministry of the Atomic Energy Federation (MINATOM), rosaTOM`s predecessor, in accordance with Section 734 (l) of the amended 1930 Customs Act (the Law) and suspended the anti-dumping investigation into uranium from the Russian Federation.  The agreement was subsequently amended, in agreement with both governments, on 11 March 1994 on 3 October 1996 7 May 1997 and 1 February 2008.  In accordance with the 2008 amendment, the underlying anti-dumping agreement and investigation is expected to expire on December 31, 2020. Under the new agreement, the amount of enriched uranium from Russia that could be sold to U.S. companies would increase to 24 percent by 2021, fall to 20 percent in 2022, 24 percent in 2023, and then remain 20 percent by 2027. However, under the new agreement, these imports of Russian uranium are limited to about 7% of the enrichment needs of U.S. reactors on average and do not exceed 5% from 2026, Commerce said.
We welcome the efforts of the Ministry of Commerce and other stakeholders to work towards this new agreement.