Biden eyes Russian uranium import ban as legislation stalls – Bloomberg (NYSEARCA:URA)

Uranium stocks closed higher Monday as Bloomberg reported the Biden administration is considering banning imports of enriched Russian uranium by executive order, while efforts to block Russian shipments of the fuel have stalled in the U.S. Senate.

Officials from the National Security Council, the Department of Energy and other parts of the administration have been in talks on limiting Russian uranium imports, including a ban that includes waivers similar to legislation passed by the House late last year, according to the report.