Putin proposes transporting and storing Iranian enriched uranium in Russia during summit with Xi

May 21, 2026, 2:50:32 PM UTC(4 hours ago)

Impact: High

Affected Assets

Russian President Vladimir Putin discussed a proposal with Chinese President Xi Jinping in Beijing to transport and store Iran's highly enriched uranium stockpile in Russia
The proposal aims to insert Russia into the Middle East peace process by redirecting Iran's enriched uranium to peaceful spheres under Russian supervision
Rosatom head Alexei Likhachev supported the initiative, noting that Iran has reiterated it does not seek to develop nuclear weapons
The United States has not agreed to the proposal, with U.S. officials stating that transferring enriched Iranian uranium to Russia is not part of current American plans

PUTIN SHARED WITH XI JINPING IDEA OF TRANSPORTING AND STORING IRANIAN ENRICHED URANIUM IN RUSSIA - IFX