US Pulls Out of Nuclear Weapons Treaty Sparking Arms Race Concerns

President Donald Trump said Friday that the United States is ready to withdraw from a crucial nuclear weapons treaty with Russia on Saturday, a move that has sparked concerns of a budding arms race between the world’s two biggest nuclear powers.

The announcement comes a day after Russia and the United States said that discussions to save the Intermediate-Range Nuclear Forces Treaty had failed.

“Tomorrow, the United States will suspend its obligations under the INF Treaty and begin the process of withdrawing … which will be completed in six months unless Russia comes back into compliance by destroying all of its violating missiles, launchers, and associated equipment,” Trump said in a statement.

“We cannot be the only country in the world unilaterally bound by this treaty, or any other. We will move forward with developing our own military response options and will work with NATO and our other allies and partners to deny Russia any military advantage from its unlawful conduct,” Trump added.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.