Five G7 countries form alliance to oust Russia from global nuclear fuel market

The agreement was reached at the Nuclear Energy Forum of the G7 summit in Japan, Ukrinform reports, citing the British government's website.

As noted, the five countries will use the respective resources and capabilities of each country's civilian nuclear energy sectors to undermine Russia's control over supply chains.

It is emphasized that this agreement will maintain a stable supply of fuel for today's needs, as well as guarantee the safe and reliable development and deployment of fuel for tomorrow's advanced reactors.

“This agreement will be used as the basis for pushing Putin out of the nuclear fuel market entirely, and doing so as quickly as possible, to cut off another means for him to fund his barbaric attack on Ukraine and fundamentally leave Russia out in the cold,” the statement reads.

Speaking at a meeting of G7 energy ministers, British Secretary of State for the Department for Energy Security and Net Zero Grant Shapps said that cheaper and safer renewable energy sources will be a key part of Britain's energy independence.

“This is the next vital step, uniting with other countries to show Putin that Russia isn’t welcome anymore, and in shoring up our global energy security by using a reliable international supply of nuclear fuel from safe, secure sources,” he stated.

As Ukrinform reported, on Monday, at the meeting in the Japanese city of Karuizawa, the foreign ministers of G7 countries agreed to strengthen control over sanctions against Russia. They also pledged to better respond to arms transfers to Russia from third countries.