Egypt invites Russia to mine uranium, build nuclear power plants

April 19, 2013. Russian President Vladimir Putin, second right, before the news conference on the results of his meeting with the President of Egypt Mohamed Morsi, third left, in Sochi.(RIA Novosti / Mikhail Klimentyev)

"We have agreed to gradually proceed toward diversifying our trade and economic ties. New joint projects in the areas of industrial cooperation, energy or, say, agriculture could increase the mutual investment flows," Vladimir Putin said

Russia’s and Egypt’s presidents compared notes on economic and international cooperation on Friday. Mohamed Morsi is on an official visit to Moscow as Egyptian society seethes, with almost 50 people injured in the latest violent clashes.

The Egyptian leader has paid official visit to Russia to hold talks with Vladimir Putin as clashes continue in Egyptian cities.

The latest reports suggest that at least 48 people have been wounded in Cairo over the last 24 hours, as Muslim Brotherhood supporters and opponents clashed. Nine of the hospitalized reportedly suffered gunshots. Police deployed teargas to disperse the rival groups, but with little success.

Egyptian opposition activists demand Mohamed Morsi’s resignation, saying they don’t want Islamist rule in the country.

While political opponents in Egypt are unable to find common ground, Morsi’s economic and political negotiations in Russia appear to bring some concrete results.

"Egypt is a gas extracting country. A Gas Exporting Countries Forum is scheduled to be held in Moscow in July. We will welcome the participation by the president of Egypt or his representatives," Putin said.

“There should be a political and legal solution of the Syrian crisis without external meddling. We are for an early ceasefire to start intra-Syrian negotiations," Putin said, stressing that Moscow’s and Cairo’s“positions are close.”

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