financetom
World
financetom
/
World
/
Explained: What is START treaty and why Russia suspending it is a big deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Explained: What is START treaty and why Russia suspending it is a big deal
Feb 21, 2023 8:52 AM

Russian President Vladimir Putin on Tuesday announced that the country will be suspending its participation in the Strategic Arms Reduction Treaty (START). With that, Washington and Moscow will no longer have any arms control agreement between them. While Putin said that Russia will not pull out of the treaty completely for the moment, the suspension of the agreement means that Russia will no longer allow the US or its NATO allies to conduct on-site inspections of its nuclear weaponry.

“Our relations have degraded and that’s completely and utterly the US’s fault,” Putin said during his long-delayed state of the union speech.

What is START?

The Strategic Arms Reduction Treaty (START) is a bilateral arms control agreement between the US and the Russian Federation to reduce the number of offensive nuclear strategic weapons that either country possesses. The first START, or START I, was signed between the US and the Soviet Union in 1991 and was enforced by 1994.

The agreement limited the two countries to deploy only 1,600 intercontinental ballistic missiles (ICBMs) and bombers and no more than 6,000 nuclear warheads at a time. The treaty also allowed each side to conduct on-site inspections of the other’s nuclear machinery and inform the other about notifications relating to the proscribed arms and facilities.

By 2001, the treaty was successful in reducing the number of active nuclear weaponry in the world by a considerable amount. At the beginning of 2022, a total of 12,700 nuclear warheads existed across the globe compared to nearly 64,000 nuclear warheads in 1985. Russia and the US together account for 90 percent of the global nuclear arsenal.

What happened to the treaty?

The treaty expired in December 2009, but both sides negotiated to create a similar arms control agreement to replace it. Less than five months later, New START was signed and ratified by US President Barack Obama and Russian President Dmitry Medvedev. The proposed treaty went into effect in January 2011 and was supposed to be the primary nuclear arms control treaty between the two nations until February 2026.

President Donald Trump tried to renegotiate a new treaty between the US and Russia over nuclear arms control but failed to make any headway. After taking office, President Joe Biden signed the most recent five-year extension in 2021.

However, the treaty has had a troubled start since its last extension. The on-site inspections were first been halted as part of the COVID-19 global restrictions. However, with the start of the Russian invasion of Ukraine, Russia halted attempts to restart inspections due to the increasing tensions with the West. Anatoly Antonov, the Russian Ambassador to the US, had said at the time that while Russia “remains committed to the goals of the New START treaty” it would not restart on-site inspections as Russia considered it “unjustified, untimely and inappropriate to invite the US military to our strategic facilities” while the US supported Ukraine.

Now Putin has stated that he would resume inspections when the US and its allies hold talks on the war in Ukraine with Russia without the participation of Ukraine itself.

Also read: Putin speaks on nuclear tests, Ukraine, West sanctions and Russia economy | Highlights

(Edited by : Pradeep John)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
China yuan slides to four-month low, state banks step in
China yuan slides to four-month low, state banks step in
Mar 22, 2024
(Updates to market close) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low...
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
Mar 22, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. dollar seems to have emerged a clear winner from the week's magical mystery tour of world central banks - with record high Wall St and world stocks getting a shot across the bow from Apple's ( AAPL ) antitrust bust. A whistle stop look...
DIARY-Europe's STOXX 600 corporate earnings week ahead
DIARY-Europe's STOXX 600 corporate earnings week ahead
Mar 22, 2024
March 22 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Company Event Name Start Date Start Time RIC Name (GMT) 25-Mar-2024 13:00 IMI.L IMI PLC IMI PLC Retail Investor Webinar 25-Mar-2024 07:00 KGF.L Kingfisher PLC Full Year 2024 Kingfisher PLC Earnings Release 26-Mar-2024 NTS HRA.MI Hera SpA Q4 2023 Hera...
European shares set for weekly gains; UK's Phoenix soars
European shares set for weekly gains; UK's Phoenix soars
Mar 22, 2024
* German business sentiment rises in March - Ifo * UK's Phoenix tops STOXX on upbeat outlook & results * Legal & General ( LGGNF ) up on shelving China business licence plan * STOXX 600 up 0.1% (Updated at 0918 GMT) By Shubham Batra March 22 (Reuters) - European shares were largely flat on Friday but maintained record highs...
Copyright 2023-2025 - www.financetom.com All Rights Reserved