USA: The Pentagon recently admitted there are “systemic problems across the nuclear enterprise.” Thanks to arms control treaties and the end of the Cold War, the U.S. has reduced its stockpile of nuclear weapons from 31,000 to about 4,800 over the last 48 years. But as fears of nuclear war eased, the government failed to adequately maintain and update this immensely dangerous arsenal, which still contains enough collective destructive force to lay waste to every country on Earth. The U.S.’s 450 intercontinental ballistic missiles (ICBMs) are stored in decaying 60-year-old nuclear silos in Montana, North Dakota, and Wyoming that look like a poorly maintained Cold War museum.
India: According to newspaper reports the Indian government has been considering a catastrophe bond type structure, possibly combined with a sovereign guarantee, in order to overcome a fear foreign suppliers have over its nuclear liability laws. The issue has come to the fore as a deal on nuclear power development between India and the U.S. is looking at risk due to foreign suppliers fear over a strict liabilitylaw that India introduced.
Iran: Iran’s parliament has started to draft a law that would allow the country’s nuclear scientists to intensify their uranium enrichment, a step that could complicate ongoing talks with world powers. The move, announced by parliament’s National Security and Foreign Policy Committee, comes after US lawmakers said they were planning legislation that could place new sanctions on Iran. Middle East Online International: The 9th Review Conference of the Nuclear Non-Proliferation Treaty willtake place in 2015 at the UN in New York. For more information, go to the Acronym Institute for Disarmament Diplomacy.