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Sanctions on Russian Nuclear Sector: Ending Reliance on Rosatom.

This law imposes strict financial and trade sanctions on Russia's state nuclear corporation, Rosatom, and related entities. The goal is to completely end US reliance on the Russian nuclear sector, cut off Russia's revenue, and strengthen US energy security. Crucially, the law includes waivers to ensure that sanctions do not disrupt the supply of essential medical isotopes.
Key points
Blocks assets and prohibits significant financial transactions between US persons and Rosatom or its key personnel.
Requires the President to develop a strategy within 180 days to replace Rosatom with US and allied nuclear suppliers.
Suspends US nuclear cooperation agreements with Russia until Russia withdraws its forces from Ukraine and meets other security conditions.
Sanctions include exceptions for activities necessary for the safe operation of nuclear reactors and the production of medical isotopes.
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Additional Information
Print number: 118_HR_8046
Sponsor: Rep. Kean, Thomas H. [R-NJ-7]
Process start date: 2024-04-17