A new report regarding the Uranium One deal now shows that evidence gathered by an FBI undercover informant conflicts with several media reports as well as statements made by Justice officials.
Here are five big revelations from those documents reviewed by The Hill:
- Russia’s purchase of Uranium One was part of a strategy to dominate global uranium markets.
The informant gave the FBI documented evidence that clearly shows how the Russians wanted to use the purchase of Uranium One as a way to “control” the uranium market worldwide. In the United States, that strategy focused on securing billions of new uranium contracts to create a reliance on Russian nuclear fuel just as the Cold War-era Megatons to Megawatts program was ending.
- Uranium One did export some of its U.S. uranium ore.
Media outlets, including The Washington Post, are falsely reporting that none of Uranium One’s product left the United States after Russia took control. However, memos from the Nuclear Regulatory Commission (NRC) show that the agency approved an export license for a third-party trucking firm to export Uranium One ore to Canada for enrichment and that some of that uranium ended up in Europe. Uranium One itself has admitted that as much as 25 percent of the uranium it exported to Canada ended up with European or Asian clients through what is known in the industry as “book transfers.”
- FBI informant Douglas Campbell has important information to share with Congress about Rosatom’s Uranium One purchase.
Recent media reports say that justice officials think Campbell doesn’t have much on Uranium One because his work focused on nuclear bribery involving a different Rosatom subsidiary. Campbell’s undercover work did target criminality inside the Rosatom subsidiary Tenex, but he also obtained extensive documents about Rosatom’s efforts to win approval to buy Uranium One.
- The FBI had evidence that Rosatom officials were engaged in criminality long before the Obama administration approved the Russian company’s purchase of Uranium One.
Evidence showing that a foreign company is involved in criminality can disqualify it from Committee on Foreign Investment in the United States (CFIUS) approval to buy a sensitive U.S. asset. Documents prove that Campbell helped the FBI record the first criminal activity by Rosatom officials inside its Tenex arm in November 2009. This was nearly an entire year before CFIUS approved Rosatom’s purchase of Uranium One.
- Campbell was a trusted FBI undercover agent.
Campbell worked undercover for the FBI for six years, and he was paid an informant fee of more than $51,000 in January 2016, just after the last convictions in the Russian nuclear bribery case were made.