Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Obama on relation-mending visit to Russia
Lalit K Jha/PTI / Washington Jul 06, 2009, 10:29 IST

Hoping to press the "reset button" in US-Russia ties, President Barack Obama today embarked on a historic trip to Russia to mend the damaged relations between the two countries and finalise a deal to replace a Cold War-era treaty on nuclear arms reduction.

During his three-day stay in Moscow, Obama would hold a US-Russia summit meeting with his Russian counterpart Dmitry Medvedev, besides meeting Prime Minister Vladimir Putin and former President Mikhail Gorbachev.

Earlier in an interview to a Russian media outlet, Obama said he was looking forward to explore with Moscow the possibilities of cooperation on economic and defence issues besides on dealing with terrorism and issues like Iran.

"What I said coming in is that I wanted to press the reset button on relations between the US and Russia," he said.

Obama said his first step would be to provide a framework for replacing the Cold War-era missile treaty START.

"My goal is that both countries reduce their nuclear stockpiles in a way that doesn't leave either country with an advantage, but reduces tensions and the expense of maintaining such high nuclear stockpiles," he said.

Obama is also scheduled to deliver a speech at the New Economic School on US-Russia relations. He would travel to Italy for the G-8 Summit, besides visiting Ghana during his week-long trip during which he is accompanied by First Lady Michelle Obama and daughters Sasha and Malia.

"I think possibilities for our cooperation on economic, defense issues, dealing with the threat of terrorism in both countries, our ability to deal constructively with issues like Iran, increasing trade and commercial relations — those are all issues that are important," Obama said on his agenda during the Russia leg of his visit.

A Kremlin aide said last week that the Russian and US presidents plan to sign deals on the post Strategic Arms Reduction Treaty (START) that expires in December and the transit of US military supplies bound for Afghanistan.

Obama said: "If we can get the framework during this summit, then we will be able to advance a treaty by the end of December. There are other issues that I want to make sure that we discuss that have to do with our mutual security".

He said he would like to convey to Russian leadership "America's respect for Russia" and that "we want to deal as equals".

"We are both nuclear superpowers; with that comes special responsibilities that are very different from the positions of many other countries, and we have to handle those responsibilities in a way that encourages peace," Obama said.

He said nuclear proliferation remains high on his agenda besides counter-terrorism activities."But given the unique position the US and Russia has when it comes to nuclear power, for us to send a strong signal that we want to reduce our stockpiles I think would help us internationally, to give people a sense that we're moving into a new era and we want to get beyond the Cold War," Obama said.

"I will come away from this meeting with a better sense of their concerns, their policies, and hopefully they will get a sense that I'm somebody that they can do business with in an effective way."

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets open sharply lower amid weak global cues
- DLF dips on weak Q4 earnings
- US envoy says no interest in extraditing Assange
- Oil hits 6-month low as risk aversion sweeps markets
- US Gold rallies late as risk rout revives haven bid
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Vodafone notice on arbitration premature: Govt
- Army chief slams BEML on Tatra, awards it Rs 1,500-cr deal
- Coal blocks for infrastructure projects get GoM nod
- Wealthy clients turned tables on UBS and staff?
- Tata Motors skids as margins dip at JLR
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us