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US Senate Passes Russian Uranium Import Ban, Russia Celebrates Labour Day

RUSSIA
  • The US Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, Bloomberg report, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel. The Prohibiting Russian Uranium Imports Act would bar US imports 90 days after enactment while allowing temporary waivers until January 2028.
  • Note that Russian markets are closed today over Labour Day. Looking ahead, Manufacturing PMI data for April is on the docket tomorrow morning (Est: 54.6; Prior: 55.7).

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