Australia is the world's third largest uranium producer. Not a long time ago, Australia allowed uranium to be exported to Russia. The problem is that it was only Russia. Australia has refused to sell uranium to India. Australia refused to sell it to India for energy use because the South Asian country has not signed the Nuclear Nonproliferation Treaty.
Russia is lucky to be the country that Australia sells Uranium to. Russia hopes that "agreements on the peaceful use of nuclear energy" will be complete. Also, Australia and Russia both signed up to President Barack Obama's plan to secure all vulnerable nuclear material in four years outlined at two-day summit in Washington earlier this month. This had to involve forty-seven countries.