ROSATOM AND ARMENIA TO COOPERATE ON URANIUM ENRICHMENT

RosBusinessConsulting, Russia
April 23 2007

RBC, 23.04.2007, Moscow 14:54:18.Russia is willing to cooperate with
Armenia in uranium production, head of the Russian Atomic Energy
Agency (Rosatom) Sergei Kiriyenko told journalists today. He pointed
out that Russia was considering the possibility of forming a joint
venture on uranium production with Armenia. Kiriyenko also said that
this question would be discussed during his meeting with Armenian
Environmental Protection Minister Vardan Ayvazyan in Yerevan today.

Kiriyenko also said that Armenia would participate in the international
uranium enrichment center in Angarsk, Russia. Rosatom’s chief believes
that Armenia could provide the necessary supplies of nuclear fuel
to its own nuclear power plant and export uranium, if it increased
its investment in exploration and development of uranium deposits in
the country.