Russia, South Korea plan uranium joint venture

MOSCOW (Reuters) – Russia and South Korea said on Friday they are discussing the creation of a joint venture that would export Russian uranium products, RIA news agency reported.

The venture would sell products to South Korea while South Korean companies would be given access to Russian uranium fields, RIA said.

“The sides will work towards creating conditions for the reliable supply of Russian uranium production and services in the nuclear-fuel cycle,” RIA reported, quoting a joint agreement that was signed in Moscow.

RIA gave no details about how much money was involved or the size of potential exports.

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