• Most Popular
  • Most Shared

U.S. should shelve nuclear deal: Russian official

MOSCOW
Mon Aug 25, 2008 4:45pm EDT

Related Video

MOSCOW (Reuters) - The White House should postpone a Congressional vote on a landmark U.S.-Russia civilian nuclear pact to prevent it being held hostage to a row over the conflict with Georgia, a Russian nuclear official told Reuters.

Barack Obama  |  Russia

The pact between the world's two biggest nuclear powers is aimed at opening up the booming U.S. nuclear market and Russia's vast uranium fields to firms from both countries by removing Cold War-era restrictions.

The deal was signed in May but needs approval from Congress. A Russian official told Reuters it would be better for the deal to be delayed until next year to prevent it being blocked.

"It is a shame that the U.S. administration could not push this agreement through Congress in the time there was," the official told Reuters on condition of anonymity.

"If you take into account the recent political events, Congress is unlikely to pass it, so to avoid it being blocked it would be right and proper to recall it and let it be looked at by the new administration."

"The question of peaceful use of nuclear energy should not depend on the current political situation," the source said.

The 123 agreement, so called because it falls under section 123 of the U.S. Atomic Energy Act, is required before countries can cooperate on nuclear materials.

It is crucial to the Global Nuclear Energy Partnership, or GNEP, which the United States and Russia have discussed for more than a year as a way to expand peaceful nuclear energy development and mitigate proliferation risks.

If ratified by Congress, the pact could open the way for deals potentially worth billions of dollars.

Relations between Moscow and Washington are strained over Russia's military intervention in Georgia.

The United States has demanded that Russia withdraw all its forces immediately from Georgia, and Moscow has complained that Washington is turning a blind eye to Georgian aggression.

U.S. officials and lawmakers have discussed the possibility of adopting measures to punish Russia for its actions in Georgia.

(Reporting by Guy Faulconbridge, editing by Tim Pearce)



More from Reuters

Fed keeps rates near zero, but voices some optimism

WASHINGTON (Reuters) - The Federal Reserve on Wednesday voiced guarded optimism the battered U.S. job market was improving, but it repeated a vow to keep interest rates extraordinarily low for "an extended period."

An an exit sign is pictured in New York City October 14, 2006.  REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

A long-range, improved Sejil 2 missile is test-fired in the desert at an unknown location in Iran in this Iranian military handout distributed by Fars news agency on December 16, 2009.

Iran tests upgraded missile

Hardline rulers send uncompromising signals to foes at home and abroad, testing a missile that could reach Israel and warning of legal action against opposition leaders.  Full Article | Video