Russian legislators ratify accord with Canada that will help dismantle nuclear subs

Publish date: July 29, 2005

On July 6, legislators in Russia's upper house of parliament Wednesday ratified a Russian-Canadian accord that will help Russia decommission nuclear submarines.

The Russian Foreign Ministry said that under the agreement, which was signed last June and ratified by the parliament’s lower house on Friday, Canada will initially provide Russia with about $300 million Cdn.

The agreement is part of the Group of Eight wealthiest nations’ program on fighting the proliferation of weapons of mass destruction. Under the program, Canada has agreed to provide a total of $1 billion over 10 years.

On July 1, Russian President Putin approved ratification of the similar agreement with Italy.