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Russia is reported to possess around 40,000 tons of chemical weapons. The Government has allocated $86 million in 1998 and $13 million in 1999 to commence the destruction of stocks - the total bill is anticipated to be around $6 billion. Under the terms of the Treaty, all stocks will have to be destroyed within 10 years of becoming a State Party.
Speaking after the Senate vote, Foreign Minister Yevgeny Primakov noted: "The measure fully corresponds to the interests of Russia and the stability of the whole world... We have much stronger deterrents [than chemical weapons]... As far as economics are concerned, if we didn't join the Convention we'd still have to spend about $30 billion to destroy chemical weapons that are already old or getting old."
Reports: Russian House ratifies chem arms ban, United Press International, 31 October; Russian House agrees on chemical arms ban, Reuters, 5 November; Russia ratifies chemical arms ban, Reuters, 6 November; Yeltsin signs chemical weapons ban, Associated Press, 6 November.
© 1998 The Acronym Institute.