• Most Popular
  • Most Shared

Rice says time not right for Russia nuclear pact

ALGIERS
Sat Sep 6, 2008 12:24pm EDT

ALGIERS (Reuters) - The time is not right for the United States to implement a civilian nuclear pact with Russia, Secretary of State Condoleezza Rice said on Saturday, confirming comments from an unnamed U.S. official.

World  |  Russia

A State Department official said in Washington on Friday the Bush administration would withdraw a request for Congress to approve the nuclear deal as a penalty for Russia's invasion of Georgia last month.

"The time isn't right for the Russia agreement and we will make an announcement about that later," Rice told reporters during a tour of north African countries.

The U.S. is yet to hit Moscow with tangible sanctions for its incursion into Georgian territory last month, although it has announced plans to give U.S. ally Georgia $1 billion in reconstruction aid.

The nuclear deal was intended to lift Cold War restrictions on trade and open up the U.S. nuclear market and Russia's uranium fields to companies from both countries.

Washington and Moscow signed the cooperation agreement in May and it was then sent by President George W. Bush to Congress.

(Reporting by Sue Pleming; Writing by Tom Pfeiffer)



More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article