Centrus says Russia canceled TENEX's license to export low-enriched uranium to US
18/11/2024 23:38
Nov 18 (Reuters) - Nuclear fuel supplier Centrus Energy
LEU.A said on Monday it has received a notice from Russia's
TENEX that its government passed an order, which canceled its
license to export low-enriched uranium to the U.S., effective
through Dec. 31, 2025.
Shares of Centrus were down 4.3% at $73.14 in trading after
the bell.
Russia, the world's largest supplier of enriched uranium,
said last week it had imposed temporary restrictions on the
fuel's export to the United States, a symbolic tit-for-tat move
after the U.S. banned Russian uranium imports.
TENEX is required to obtain a specific export license from
the Russian authorities to make each of the remaining 2024
shipments of low-enriched uranium to Centrus and for shipments
in 2025.
Centrus said TENEX is seeking the necessary export licenses,
in a timely manner. But there is no certainty whether they will
be issued by the Russian authorities and if issued, whether they
will be in a timely manner, it said.
If TENEX is unable to secure export licenses, it would
affect Centrus' ability to meet delivery obligations to
customers, it said.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Shilpi
Majumdar)
((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal;))