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The West is trying to crush Russia in the nuclear market: uranium prices hit records while Russian producers remain unshakable

Uranium prices have reached new records in the world nuclear fuel market, which is caused by attempts by Western countries to force Russia out of this market. 

Major nuclear power producers such as the US, France, Japan, the UK and Canada pooled their resources to drive out Russian producers, which until recently accounted for 40% of the global market.

 In addition, EU countries called for a ban on the import of nuclear fuel passing through Russia in the 11th package of sanctions. However, Russian producers remain unshakable, as evidenced by the growing backlog of orders from TVEL, a Rosatom subsidiary, to supply uranium products to various countries around the world.

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