According to Australian Ambassador to Russia Paul Myler, his country is ready to discuss the resumption of uranium supplies to Russia with Moscow after relations between the two countries stabilize.

Australia is ready to discuss the resumption of uranium supplies to Russia with Moscow after relations between the two countries stabilize, Australian Ambassador to Russia Paul Myler has told RIA Novosti.

According to Myler, the uranium supply issue "will be one of the first decisions that could be swiftly reviewed" since other countries could benefit from the supplies.

"Russia does not use uranium from Australia here [within Russia], but simply processes it and sends it for use in other countries," Myler explained, adding that Canberra could easily change its mind about the ban on uranium export to Russia.

"I am certain that it is possible to make a decision on the issue in a fast and simple manner," the ambassador said.

In September 2014, Australian Prime Minister Tony Abbott informed the Australian parliament of the government's decision to ban uranium exports to Russia over the Ukrainian crisis that the West claims Moscow is involved in.

Australia holds the largest uranium deposits in the world. It signed a nuclear energy cooperation agreement with Moscow in 2007, but, according to the Russian state-run nuclear energy corporation Rosatom, Russia has not imported Australian uranium since 2012, when the first and only shipment was made.

According to Rosatom, Russia's domestic and foreign nuclear projects have enough uranium to last a hundred years.