Russia, China turn nuclear fuel into bargaining chip with the West

U.S. ban on Russian imports has led to greater dependence on Beijing

20250113N Radioactive

Russian companies hold about 40% of the global market for enriching uranium. © Reuters

TAKAYUKI TANAKA and MADOKA KITAMATSU, Nikkei staff writers

VIENNA/PARIS -- Russia and China are leveraging their supply of low-enriched uranium for nuclear power plants to exert pressure on the U.S. and Europe as global demand for energy grows.

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