Russia Targets Ukraine's Energy Systems, Restricts Exports Of Uranium To US In Response To US Uranium Restrictions

The announcement caused a spike in global uranium prices. November 2025 bids for uranium delivery spiked from $4 to $84 per pound.

KYIV - Ukraine’s operating nuclear power plants (NPPs) reduced electricity production after Russia launched hundreds of ballistic missiles and drones at the country's energy infrastructure.

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The Ukrainian Embassy to Hungary released a statement that said, "Ukraine's energy system came under heavy attack by Russia on 17 November. Russia launched about 120 missiles and 90 drones on various regions of Ukraine". 

It added, "Air defense forces successfully intercepted more than 140 of the 210 air targets". 

International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi was cited by the IAEA agency as saying on November 17th, "Ukraine’s operating nuclear power plants (NPPs) reduced electricity production as a precautionary measure this morning following widespread military activities across the country that reportedly targeted its energy infrastructure, putting nuclear safety and security under further pressure". 

Russia Temporarily Limiting Exports Of Enriched Uranium To The United States, Causes Spike In Uranium Prices. US Aims To Eliminate Reliance On Russia For Uranium: