The West Needs Incentives to Cut Russian Nuclear Fuel Dependence

The Western countries will need additional incentives and sanctions on Russia to reduce their dependence on the Russian supply of nuclear fuel, according to French company Orano, one of the top Western suppliers of enriched uranium. “To entirely disconnect from Russia, we need new capacities, and industrial groups will only invest if they have long-term contracts,” Orano’s CEO Nicolas Maes told the Financial Times in an interview published on Wednesday. France’s Orano and Urenco, a consortium created in 1970 by the governments…