Russia's Rosatom Says Has Enough Uranium for a Century

MOSCOW, August 9 (RIA Novosti) - Russia’s state-run Rosatom nuclear agency's projects have enough uranium for the next 100 years, a company's representative told RIA Novosti Saturday.

"Rosatom is in the second place by Uranium reserves in the world. The raw material from Russian and foreign fields (in Kazakhstan in particular), will be enough for Rosatom's Russian and international projects for the next 100 years," the agency's representative said.

Earlier in the day, Australia’s Finance Minister Mathias Cormann told Sky News television that the Australian government would consider banning uranium exports to Russia as part of a new stage of sanctions against the country following Moscow's ban on food imports from Australia.

On Thursday, Russia introduced a one-year ban on agricultural and food product imports from the countries that have imposed sanctions on Moscow over the Ukrainian crisis, namely Australia, Canada, the European Union, the United States and Norway. The list includes meat, poultry, fish, seafood, milk, dairy products, and fruit and vegetables.

Australia has the world’s largest uranium reserves. Russia signed an agreement with Australia on the peaceful use of nuclear energy in 2007, and received first uranium supplies in 2012.