WASHINGTON (Reuter)
 - Secretary of State Warren Christopher said Tuesday the United States and Russia were close to agreement on ending Moscow's arms sales to Iran. 

    ``Without being more specific, I think there's a resolution in sight on this very diffiuclt issue,'' he told reporters. 

    Russian sales of weaponry to Iran are an irritant in U.S.-Russian

relations. Washington considers Iran the world's leading proponent of

terrorism. 

    Asked if a deal would involve a cutoff in Russian arms sales to Iran,

Christopher said: ``I'm hinting that a resolution of this matter is within

view and since that was the core of the problem obviously it would involve

some approach of that kind.'' 

    He said President Clinton and Russian President Boris Yeltsin discussed

the issue at length in their summit talks Tuesday and would do so again

Wednesday. 

 REUTER

U.S. and Russia can afford to disagree now

    By Patrick Worsnip 

    WASHINGTON (Reuter) - As presidents Bill Clinton and Boris Yeltsin hold

their third summit, the United States and Russia are taking the novel line

that their relations are now so good they can afford to quarrel without

threatening world peace. 

    ``Normal'' is the new watchword being used to describe the ties between

the two countries that once threatened each other with nuclear annihilation

and still hold the world's biggest atomic arsenals: normal agreements, normal

disagreements. 

    With the euphoria of the post-Cold War era long over, Moscow and

Washington are finding their disputes have by no means been solved by

Russia's conversion from communism to capitalism and free elections. 

    From Bosnia to arms control to trade, their interests differ -- but

that's all right, Clinton and Yeltsin said in keynote speeches on the White

House south lawn at the start of their summit Tuesday. 

    ``Where we do disagree, we can discuss our differences in a climate of

warm peace, not cold war,'' Clinton declared. 

    ``The United States is a strong partner and not an easy one to deal with,

just like Russia,'' Yeltsin responded. 

    It was not so long ago, Clinton recalled, that U.S. and Soviet leaders

met ``in a heavy atmosphere of mutual suspicion and fear. The fate of the

world seemed to hang in the balance of those encounters, and success was

defined as the avoidance of confrontation or crisis.'' 

    No sooner was that era over, with the end of the Cold War, than the

United States was faced with heavily dependent Moscow leaders: first Mikhail

Gorbachev, as the Soviet Union crumbled around him, then a Yeltsin deeply

embroiled in crises at home. 

    Clinton's main concern at his first summit with Yeltsin in Vancouver in

April 1993 was to prop up the Russian leader as he battled economic disaster

and a recalcitrant parliament. 

    The situation was just as grave at their second meeting in Moscow last

January, as Russia reeled from the stunning defeat of Yeltsin's supporters by

ultra-nationalists and communists in parliamentary elections the previous

month. 

    In the eight months since then, U.S. and Russian analysts agree, the

situation in Russia has stabilized considerably. 

    Inflation is down to about five percent a month, less than half what it

was at the beginning of the year, the move to a market economy continues, and

the opposition forces that scored in last year's elections seem to have lost

momentum. 

    With fears of catastrophe in Russia fading, and Clinton preoccupied with

problems closer to home such as Haiti and Cuba, Russian officials are not

entirely sorry to have slipped down Washington's agenda. 

    ``Russia is not as important as it used to be,'' says Sergei Karaganov, a

Yeltsin adviser and security policy specialist. ''The American view of Russia

is relatively relaxed.'' 

    With the Russian economy, if not strengthening, at least not getting

dramatically worse, Yeltsin's economic aides have switched from seeking aid

to seeking investment. 

    The trends have strengthened Yeltsin's hand in asserting Russian

interests abroad, pushing Moscow's case for keeping order in other ex-Soviet

republics, demanding a say in Bosnia and opposing NATO membership for former

Warsaw Pact countries. 

    These policies have aroused concern among some U.S. analysts that the

Clinton administration, looking for Russian support at the United Nations for

its activities in Haiti and elsewhere, could tacitly endorse Moscow's

desires. 

    ``While there may be little the United States can do to check Russian

ambitions in the territory of the former Soviet Union, Clinton should use the

summit to refute the perception that the U.S. has acquiesced to a Russian

'sphere of influence','' says the conservative Heritage Foundation. 

    U.S. officials say they will not agree to what some analysts call a ``new

Yalta'' -- a reference to the post-World War Two allied agreement on the

future of Europe -- whereby each superpower would have a free hand in its own

back yard. 

    They say they plan to make clear to Russia that talks on the expansion of

NATO will begin within the alliance this autumn, and will press Moscow to

stop its arms exports to Iran, though with little hope of success. 

    Differences on lifting the arms embargo against Bosnia's mainly Muslim

government government -- favored by Washington but opposed by Moscow -- also

seem unlikely to be resolved. 

    Russia has moved on since it appeared ready to agree to almost any U.S.

proposal. But U.S. officials say they are better off in the long run with a

more secure and self-assured Russian leadership. 

 REUTER 

U.S., Russia sign over $1 billion in aid, trade

    By Susan Cornwell 

    WASHINGTON (Reuter) - The United States and Russia signed aid and trade

deals amounting to over $1 billion Tuesday, underscoring economic ties that

Commerce Secretary Ron Brown called the ``centerpiece'' of the U.S.-Russian

summit. 

    The deals, ranging from financing for drilling Siberian oil wells to a

contract to modernize Moscow's telephone network, were signed in the ornate

Indian Treaty Room of the Old Executive Office Building as business leaders

mingled with U.S. and Russian officials. 

    Brown, standing next to Foreign Economic Relations Minister Oleg Davydov,

said Americans were ``not waiting for ideal conditions, but forging ahead''

to invest in Russia as it opened its formerly state-run economy to the world.

    Brown said that a few years ago, no one could have imagined that ``the

centerpiece of the summit between the presidents of Russia and the United

States would be the commercial interests of those two countries, would be

trade and investment, would be the economic relations.'' 

    Wednesday, President Clinton and visiting Russian President Boris Yeltsin

are to sign a ``Partnership for Economic Progress'' calling for a reduction

in Russia's barriers to trade and investment and continued U.S. suppport for

economic reform in Russia. 

    Tuesday's signings focused on U.S. assistance to U.S.-Russian joint

ventures, as well as grants to help U.S. firms get started in Russia and

other business deals. 

    The biggest dollar amount came from the U.S. Export-Import Bank, which

helps finance American exports. Its representatives signed two deals

providing $689 million in loan guarantees for oil, gas, communications,

computer and airline projects in Russia. 

    Officials from the Overseas Private Investment Corporation, another U.S.

government agency, provided $475 million in financing and political risk

insurance for U.S. companies in joint ventures there. 

    Among these are ventures in Subway sandwich shops, aerospace

manufacturing, telephone service and oil production. 

    AT&T inked a deal with Moscow's leading telecommunications operators to

modernize Moscow's telephone network. 

    Brown also announced $1.5 million in new grants under the Commerce

Department Consortia of American Business in the Newly-Independent States.

These grants are designed to help U.S. firms establish a commercial presence

in the former Soviet states. 

    He also signed a memorandum of understanding with Davydov to provide U.S.

assistance for the launching of a new Russian business center in Moscow. 

    The White House said in a statement that given the right conditions,

bilateral trade between the United States and Russia could more than double

its current level of $4.7 billion a year by the turn of the century. 

    Davydov, speaking at the signing ceremony, thanked Americans for their

help during Russia's ``hard times'' but expressed optimism that these were

largely over. 

    Speaking to reporters afterwards, he said 70 percent of Russian

industrial plants had been privatized and the country had a positive trade

balance. He expected 1995 to be a year of stabilization of the economy,

Davydov said. 

    But he said he was not interested in complete ruble stability now because

as the currency falls it enhances exports. 

REUTER