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Russia, Australia to sign uranium deal in September

MOSCOW, August 16 (RIA Novosti) - Russia and Australia intend to sign a bilateral agreement on the peaceful uses of nuclear energy during the Russian president's upcoming visit to the "green continent," the Australian ambassador to Moscow said Thursday.

Bob Tyson said under the agreement, Australian uranium will be exported to Russia to be used in Russian nuclear reactors.

Vladimir Putin will visit Australia to attend the Asia-Pacific Economic Cooperation (APEC) summit in Sydney in early September.

The previous agreement, which was signed in 1990, permitted Australian uranium to be processed in Russia in the interest of third countries only.

Australia holds about one-half of the world's uranium reserves.

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