Russia's richest man invests in Canadian Uranium

OTTAWA | The richest man in Russia is investing in Canada in a project to mine uranium, an essential element for nuclear weapons, in partnership with a Chinese state company.

The oligarch Russian Alexei Mordashov owns a minority stake in the Fission Uranium project in Saskatchewan through his investment firm Aterra Capital.

Uranium is used as fuel in nuclear power plants, in the production of medical isotopes, in uranium shells depleted, the armor of the tanks and the manufacture of the nuclear bomb.

The European Union froze Mordashov's assets over his ties to Vladimir Putin. But in Canada it is not on the list of nearly 500 sanctioned Russian entities.

More at: https://bobrtimes.com/russias-richest-man-invests-in-canadian-uranium/134525/