Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance, gave a comment to the electronic publication "Vzglyad.ru" on the supply of Russian uranium to the United States.
For the nuclear fuel market, this can be a game with completely unpredictable consequences, primarily for the American market itself," Sergey Kondratiev believes.
At the same time, unlike the oil market, the nuclear market is unlikely to have intermediaries – traders who will resell Russian nuclear fuel to American companies.
"We can see a situation similar to the situation on the oil market, when Russian oil began to be sold at a discount after the imposition of sanctions. The new consumer will sign contracts for the supply of Russian nuclear fuel at a discount. But since prices in the world will rise very seriously, even with a discount, our fuel will cost higher than the prices that are now. In fact, the American consumer will pay for these sanctions, who will pay the highest price," the analyst argues.
Subscribe for updates
and be the first to know about new publications