Why is Urenco's CEO saying EU uncertainty on Russian nuclear fuel is delaying investments in Europe's uranium enrichment industry?

Urenco's CEO Boris Schucht stated that the lack of political guidance from the EU on banning Russian nuclear fuel—unlike clear stances taken by the UK and U.S.—makes investment decisions extremely difficult, especially given large Russian over-capacities and the risk that Russian exports banned in the U.S. (from 2028) could be redirected to the EU if it continues accepting them.

What is the current status of the EU's plan to phase out Russian nuclear fuel, and which countries are resisting it?

The European Commission said in May 2025 it would propose a phase-out of Russian nuclear fuel but has still not done so as of the time of the report; EU officials told Reuters there is little political appetite to soon propose the ban due to expected opposition from major buyers including Slovakia, Hungary, and France—where Russia supplied 39% of enriched uranium in 2025 and 23% of the EU’s uranium enrichment services overall.

EU's uncertain stance on Russian nuclear fuel holds back investments, Urenco CEO says

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EU's uncertain stance on Russian nuclear fuel holds back investments, Urenco CEO says — ChemBrief Topics

EU's uncertain stance on Russian nuclear fuel holds back investments, Urenco CEO says

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