Russia and the United States are seeking a new arms control treaty to replace the outgoing START agreement.

Pressing the “restart” button — that is how the Obama Administration, literally, initiated its policy toward Russia after the cool Bush and Putin years. Now, in an interview with Fox News, National Security Advisor Jim Jones suggests that the president might win another foreign policy success on one of the very issues dear to him: nuclear proliferation.

“All of the dialogue is encouraging, they’re positive,” said Jones about the negotiations that are going on in Geneva, Switzerland these days. Russia and the United States are attempting to draft an arms control deal to replace the existing START agreement that expires new Saturday. “We’re down to the last few paragraphs and sentences.”

That is good news for Obama who hopes to have a new treaty signed by the time he heads for Oslo, Norway next week to pick up his Nobel Peace Prize. The reduction of nuclear weapons is said to be the subject of his acceptance speech.

The current START and SORT treaties limit both the number of nuclear and conventional weapons that Russia and the United States may possess. Still each maintains nuclear arsenals of thousands of warheads. The United States is estimated to have about 10,000 warheads of which 2,623 are operational. The Russian number more ambiguous: it said to have 4237 warheads operational in 2007 but this might be an exaggeration. There is no doubt however that the country has between 8- and 10,000 of such weapons in storage. (For comparison, the world’s third nuclear state, France, maintains about 300 warheads operational.)

The Geneva negotiations focus only on the operational warheads but its goal is more ambitious than any agreement signed between the former Cold War adversaries so far: both intend to cut their arsenals of operational warheads to between 1,500 and 1,675 within the next seven years. Should such an agreement come about, President Obama can boast an enormous step forward in the fight against proliferation.

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