By John Solomon and Steven Richards
Published: November 18, 2024 11:00pm
Updated: November 18, 2024 11:17pm
The U.S. nuclear energy sector’s dependence on Russian uranium created during a failed Obama-era reset with Moscow is coming back to bite Americans as the Kremlin moves to block future exports of the vital fuel.
Vladimir Putin’s new restrictions on uranium exports to the U.S., announced last week, come as the country’s war in Ukraine continues to heighten tensions with the United States and the West. His announcement created an immediate impact, as uranium prices soared and worries grew that American utilities might have trouble meeting electric demand next year.
It's the latest fallout from a series of foreign policy decisions crafted by Barack Obama, Joe Biden and Hillary Clinton that inexplicably strengthened Putin's ability to wage economic warfare with energy supplies such as natural gas and uranium.
"Everything the Democrats have done has emboldened Russia and their ability to actually leverage their dirty gas production," Rep. Claudia Tenney, R-N.Y., told the Just the News, No Noise television show on Monday night. Tenney's House district is home to New York's remaining nuclear power reactors.
Enriched uranium is a vital component of nuclear power plants in the United States, which account for a fifth of electricity production across the nation. The United States is also almost entirely dependent on imports to acquire enriched uranium. Last year, the United States imported more than a quarter of its enriched fuel from Russia even as relations have deteriorated during the Ukraine war.
But the current dependence on Russia was a long time in the making, cemented by several deals signed by the Clinton and Obama administrations that hooked the United States on Moscow's uranium supply, according to the 2020 book “Fallout: Nuclear Bribes, Russian Spies, and the Washington Lies that Enriched the Clinton and Biden Dynasties.”
“[The] United States used to produce its own nuclear materials for bombs and then for nuclear energy, and it was the Clinton administration they made this deal with the Russians way back in the 90s to purchase all of this down blended material from, you know, the decommission nuclear warheads from Russia,” Seamus Bruner, co-author of the book, told the John Solomon Reports podcast on Monday. “That got us addicted to Russia's supply,” he said, explaining that it led to a cratering of domestic supply.
Two deals, which took place during Obama’s vaunted "Russian Reset" that began in 2009, cemented the United States’ dependence on Russia nuclear fuel, Bruner said.
“[The] Obama administration certainly wasn't friendly. They made the famous deals with Russia, the [123 Agreement]; everybody remembers the uranium one deal, which was about nuclear energy, not nuclear weapons,” Bruner said.
“And so now we're in this tough spot. Now we do have domestic producers, who are, you know, producing uranium for our energy needs, but there are no way, there's no way they're going to catch up.”
As part of the flurry of diplomacy between the former Cold War rivals, the Obama administration penned the new 123 Agreement with the Kremlin, which was designed to increase cooperation on civil nuclear energy and further commercial opportunities between the two economies. The administration also signed new arms control and technology cooperation agreements as part of the diplomatic push.
The deal led to billions of dollars in contracts for U.S. utilities to buy Russian uranium to power their nuclear reactors.
Around the same time the agreements were taking shape, however, Putin’s state-controlled nuclear company, Rosatom, was making moves to corner the global supply.
The Russian company’s efforts to acquire a Canadian company, Uranium One, became a scandal for the Obama administration because it saw the virtual elimination of U.S. domestic production of uranium and raised corruption concerns about some of its chief officials.
“The the Uranium One deal was about shuttering our domestic mines, we had all of these uranium mines across…the Rocky Mountains…and closer towards the west, Midwest, that shut down the domestic production there, which was a boon to Putin, who had purchased, in addition to the mines in the United States, a bunch of mines in Kazakhstan,” Bruner said.
“And those are where he's able to pull out a ton of uranium and enrich it for civilian purposes, ostensibly, and and then sell it back to us at a premium.”
https://justthenews.com/government/security/hldthe-obama-biden-clinton-nuclear-giveaway-russia-decade-ago-about-bite