4/30/2023 0 Comments Hillary gave our our nuclear timeOnly the president – in this case, President Obama – has the authority to suspend or prohibit a covered transaction. The power to actually stop a sale rests in the Oval Office, according to the regulations. Under the Treasury Department regulations that established the Committee on Foreign Investments, it can either approve a deal or recommend that it be blocked. They unanimously OK’d the transaction in 2010. This body consists of nine senior US officials, including the secretaries of State, Defense, Treasury, Homeland Security, Commerce, and Energy, the attorney general, and two White House representatives. Q: Did the US government approve the Rosatom purchase?ĭue to the sensitivity of Rosatom’s investment in Uranium One, the deal had to be approved by the Committee on Foreign Investments in the United States. At one point earlier this decade, fuel produced from old Soviet warheads was producing about 10 percent of US electricity. In fact, under a program named Megatons to Megawatts, which expired in 2013, Russia sold blended-down, formerly weaponized uranium to the US to use in civilian reactors. Both countries have thousands of decommissioned warheads and stockpiles of highly enriched uranium and plutonium. Uranium production is not important to nuclear weapons, however, for either the US or Russia. Under US regulations Uranium One is not supposed to export US produced uranium. It is crucial to some manufacturing processes, and to the production of nuclear power, which generates about 20 percent of the nation’s electricity. ‘Really out of control.’ America digs in for inflation fight.įor Rosatom, the key aspect of the Uranium One deal might have been the latter firm’s large uranium mine holdings in Kazakhstan, a nation once part of the Soviet Union. And the US is far from the Saudi Arabia of uranium – in 2016, the US accounted for about 2 percent of world uranium extraction. Since then, the opening of new capacity by other firms has reduced that figure to about 10 percent, according to a lengthy investigation of Uranium One assets by The Washington Post. This firm then owned, and still owns, uranium mining rights in the United States.Īt the time, the US Nuclear Regulatory Commission noted that amount of American uranium involved equaled about 20 percent of the “in-situ recovery production capacity” in the country. In 2010, Rosatom, a state-controlled agency that runs all aspects of Russian nuclear power, purchased a controlling interest in a Canadian mining company named Uranium One. ![]() ![]() ![]() Here is a look at some of the details of the case. Prosecutors at the Justice Department are now reportedly considering the appointment of a special prosecutor to look into the transaction. The sale was greased by $145 million in contributions to the Clinton Foundation from Canadian executives who benefited from the sale, according to these allegations. President Trump calls it the “real Russia story”: allegations that as Secretary of State Hillary Clinton approved the sale of 20 percent of US uranium supplies to Rosatom, the Russian state nuclear company.
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