The five countries announced the cooperation on Sunday at the G7 meeting in Sapporo, Japan. The British ministry says they want to use the resources and capabilities of their nuclear power to remove Russian President Vladimir Putin “from the nuclear fuel market”. This should also prevent Russia from using its market position to fund the war in Ukraine.
Russia is one of the largest suppliers of enriched uranium for nuclear reactors in the world. Russians hold more than 40 percent of the world’s carrying capacity, according to British business newspaper the Financial Times. Many former Soviet countries in Europe still depend on Russia for their nuclear fuel.
The UK has played a central role in the global effort to support Ukraine, to defeat Putin, and to ensure that he, and no one else like him, can consider holding the world hostage to energy again. said Grant Shapps, Secretary of State for Energy Security.
The next essential step is to show Putin, along with other countries, that Russia is no longer welcome, and to strengthen our global energy security through the use of a reliable international supply of nuclear fuel from secure sources.
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