Uranium Miner’s Russian Routes Unnerve Potential Bond Investors

Money managers are raising red flags about a planned $300 million bond sale by one of the world’s largest uranium miners, citing the company’s reliance on Russian transport routes.

Uzbekistan’s NavoiYuran provided almost one tenth of the global supply of the radioactive metal last year, exporting to Canada, Japan, US, South Korea and India. Neither NavoiYuran nor any of the firms transporting Uranium for it are subject to US, European Union or UK sanctions.