... What This Means for Both Countries and Possible Consequences On November 15, 2024, the Russian government announced the introduction of temporary restrictions on the export of enriched uranium to the United States. This decision was made amid ongoing sanctions pressure from the United States and was a response to restrictions that Washington had previously imposed on imports of Russian uranium products. Background of Russia's Decision Historically, Russia has been a significant supplier of enriched uranium to the global market, including the United States, providing about 12% of the uranium needs of American nuclear power plants. The Russian corporation Rosatom and its subsidiaries ...

... the dollar for international transactions, and central banks hold significant dollar reserves. This dominance has provided the U.S. with substantial economic and political leverage worldwide. However, the dollar’s status faces increasing challenges. U.S.-imposed sanctions on countries like Russia and China have raised concerns about the stability of the dollar-based system. Many nations, seeking to avoid reliance on the dollar, have started exploring alternative means for conducting cross-border transactions....

... agreed to mutually lower tariffs and significantly increase the export of American energy resources to Europe. This news improved investor sentiment and heightened expectations for increased demand for U.S. oil in the near future. Geopolitical Risk and Sanctions: U.S. President Donald Trump intensified rhetoric towards Moscow, shortening the deadline for resolving the conflict in Ukraine to 10-12 days. This effectively sounded like a ultimatum threatening new sanctions against Russia and buyers of its raw materials....

... announced a reduction in the timeframe given to Russia for resolving the conflict in Ukraine to 10–12 days, threatening enhanced sanctions, which added uncertainty regarding future energy resource supplies from Russia. The US-EU Trade Deal Supported the Market: ... ... sentiment and intensified expectations for increased demand for US oil in the future. Geopolitical Premium in Prices: Trump's ultimatum to Moscow (essentially threatening new sanctions within the next two weeks if progress on peace is not made) raises ...

... significant portions of their reserves in dollars. The dollar's sustainable dominance is attributed to its high liquidity, stability, and the economic power of the United States. However, in recent years, its position has become less stable. The imposition of U.S. sanctions against several countries, including Russia and China, has raised concerns on the international stage. Such measures weaken the global role of the dollar as countries begin to seek alternative methods of conducting transactions to avoid dependence ...