Only one Russian industry escaped sanctions

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The United States and the EU have already launched their most powerful non-lethal attacks against Russia. Ruthless sanctions have crippled the economy, no matter what the Moscow propaganda machine says.

Iikka Korhonen, director of the Bank of Finland’s Institute for Emerging Economies (BOFIT), translated startling reports directly from Rosstat, Russia’s federal statistics service.

Some of Russia’s most profitable exports are now heading for triple-digit losses. The penalties are clearly working as intended.

Whether or not these measures slow Putin down is another story. He has demonstrated a terrifying willingness to let the country burn while the army advances.

More and more foreign companies are fleeing the country. Much of Europe is scrambling to break its dependence on Russian oil and gas, forcing state-controlled Gazprom to offload its supplies to Asia and Africa.

The G-7 is even considering forming its own cartel to limit Russian energy purchases still. At this point, all policy options have been exhausted. Every corner of the economy has been penalized except one.

It turns out that this particular sector of the economy was deemed too important to warrant harm. Biden and EU leaders have all quietly omitted him from their long list of sanctions.

Rosatom, Russia’s nuclear energy company, has so far been completely ignored by these angry lawmakers. The company is still working on a $130 billion backlog of projects worldwide.

Rosatom general statistics

On the contrary, the success of the nuclear industry makes it a ripe target for sanctions. But given his current abysmal approval ratings, Biden wouldn’t dare — for several reasons.

Biden will do anything for it

To say that Russia is essential to the global nuclear industry is an understatement. In many ways, Russia is the nuclear industry.

Nearly 40% of the world’s uranium enrichment infrastructure is controlled by the Kremlin. Dozens of plants rely solely on Russian fuel, while nearly all of the 440 active reactors have passed through Russia at some point in their supply chain.

Rosatom also provides a huge amount of global investment in the nuclear industry. The company recently sent Turkey nearly $20 billion for an upcoming project.

It’s not quite on the scale of the oil and gas industry, but it still puts quite a few rubles in Putin’s pocket. If I intended to put pressure on the economy of a misbehaving country, that’s exactly where I would start.

But Biden won’t be doing that anytime soon. His long-term climate goals absolutely depend on it, and he can no longer afford to break his promises.

By refusing to cut the global nuclear power market, he is silently giving us the most bullish signal we could ask for. The future of energy in the United States will certainly include nuclear.

of a world In perspective, preventing Russia from supplying uranium to the world would only exacerbate the current energy crisis.

Cutting off nuclear power from an already energy-starved world will not help anyone and will hurt the entire planet. After all, what happens when renewables fail and the world needs electricity?

That’s right, we’re back to fossil fuels — Russian fossil fuels, to be precise. Letting Rosatom continue unhindered is the lesser of two evils in this circumstance.

For now, the energy sector no longer needs chaos.

This situation is starting to sound familiar…

A heavy reliance on a single energy source is a recipe for disaster. This is a hard lesson that Russia itself has taught the world.

Yet here we are again making concessions to Putin lest he cut off the uranium supply. It’s as if our politicians are caught in a short-sighted endless loop.

Fortunately, Biden has a plan — or so he says.

Its infrastructure plan includes billions of dollars for clean energy development. Since it is completely reluctant to risk disrupting its own future supply chains, we know for a fact that nuclear power is involved.

Much of the legislation during this administration has focused on diversifying supply chains and increasing domestic production of critical materials. If Biden is serious about his plans to develop next-generation nuclear reactors, uranium has to be on that list.

Mining, beneficiation, construction and operation could easily be done at the national level. The United States has many uranium reserves and capable engineers.

These talented engineers are currently competing for a portion of Biden’s funding when it becomes available. A few virtually unknown companies are shortlisted to potentially receive millions overnight.

This is as close as it gets to a perfect investment opportunity. Biden practically told us which industries he will be betting on going forward.

OOur team has identified the companies most likely to win the Biden nuclear lottery, and you’ll be one of the first to learn about them.

Do not make any financial decisions before seeing this presentation. Not everything in this industry is as simple as it seems.

to your wealth,

Luke Sweeney
Donor, Energy and capital

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