US President George Bush is reportedly wanting to reverse decades of nuclear
policy isolating Russia to permit extensive civilian nuclear cooperation with
that country which could result in large monetary gains for Moscow but may face
opposition in the Congress. Both countries have promised to unveil details
before the start of the G-8 Summit in St. Petersburg in Russia.
Apparently, the deal is a reward for Russian President Vladimir Putin’s
constructive engagement to pressure Iran on its nuclear weapons program. But US
officials assert that both sides would gain from the deal which includes the
import of spent nuclear fuel into Russia for storage. This lucrative business
was blocked by official policy.
Administration officials say that since the proposed deal will be conforming
to the Atomic Energy Act as Russia and since Russia is already a nuclear state,
it will not require formal Congressional approval.