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  • Obama-era Russian Uranium One deal: What to know

    02/08/2018 12:23:36 PM PST · by BenLurkin · 12 replies
    fox news ^ | Feb 8, 2018 | Kaitlyn Schalhorn
    In 2013, Rosatom, backed by the Russian state, acquired a Canadian uranium mining company, now called Uranium One, which has assets in the U.S. Uranium is a key material for making nuclear weapons. Through the deal, Russia is able to own about 20 percent of U.S. uranium production capacity. However, Colin Chilcoat, an energy affairs specialist who has written extensively about Russia's energy deals, said that the company only extracts about 11 percent of uranium in the U.S. The deal also “doesn’t allow for that uranium to be exported at all,” Chilcoat told Fox News. “It’s not like it’s leaving the...