Russian uranium invitation to India

Monday, 22 November 2010 Russia has invited India to participate in uranium production projects in Russia and other countries, RIA Novosti reports. Citing Rosatom spokesman Sergey Novikov and general director Sergei Kiriyenko, reports suggest that Russia has already made a proposal to India and is now awaiting a response. The massive Elkon uranium development project is mentioned as a possible area for cooperation - Japanese and Korean companies are already reported to have signed memoranda of understanding on involvement in the project - although Russia would retain control, with foreign partners able to take up to 49% of projects within Russia according to Novikov.