Friday, October 14, 2022

When Russia Bought US Uranium Mines

 From a few months ago but worth remembering. From Mark Hyman:

In June 2010, Rosatom (Russian State Atomic Nuclear Agency) announced its purchase of 51 percent majority share of Uranium One. Some of the holdings of Uranium One were US uranium mines, a strategic asset that required US government scrutiny. The Atomic Energy Act of 1954 mandated that the US Nuclear Regulatory Commission make a determination if a license transfer was in the security interest of the United States.

Three months earlier, in March 2010, Secretary of State Hillary Clinton met privately with then-Russian Prime Minister Vladimir Putin and President Dmitri Medvedev to discuss several issues, including nuclear matters. Those private talks may have included discussions of Rosatom’s intention to purchase Uranium One.

US government scrutiny included more than just the Nuclear Regulatory Commission. The heads of several major US government agencies are members of the Committee for Foreign Investment in the United States. This committee has responsibility to review all sales involving a strategic US asset.

Several cabinet secretaries and other agency heads were members of the committee, including: Hillary Clinton (State), Tim Geithner (Treasury), Gary Locke (Commerce), Robert Gates (Defense), Steven Chu (Energy), Janet Napolitano (Homeland Security), Eric Holder (Attorney General), Ron Kirk (US Trade Representative), and John Holdren (Office of Science and Technology Policy).[i]

As is typical in similar committees, the principal members could appoint a subordinate as a proxy to carry out their wishes. Clinton instructed Jose Fernandez to act on her behalf as her committee representative. Suggestions made later that committee principals were not knowledgeable on the topic and had no idea how their subordinates would vote are patently absurd. (Read more.)

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