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We will stop all production of the peacekeeper missile. And we will not purchase any more advanced cruise missiles. This weekend I will meet at Camp David with Boris Yeltsin of the Russian Federation.

The last years of Yeltsin have been so traumatic that the bickering cogs and wheels of Russia's establishment united behind the only vote-getter they could lay their hands on: Putin, an obscure politician and former KGB officer. To a large extent, he proved to be an agreeable puppet, concerned mostly with self-preservation and the imaginary projection of illusory power.

I have informed President Yeltsin that if the commonwealth, the former Soviet Union, will eliminate all land-based multiple-warhead ballistic missiles, I will do the following: We will eliminate all Peacekeeper missiles. We will reduce the number of warheads on Minuteman missiles to one and reduce the number of warheads on our sea-based missiles by about one-third.

I have informed President Yeltsin that if the commonwealth, the former Soviet Union, will eliminate all land-based multiple-warhead ballistic missiles, I will do the following: We will eliminate all Peacekeeper missiles. We will reduce the number of warheads on Minuteman missiles to one and reduce the number of warheads on our sea-based missiles by about one-third.

But Putin is not Boris Yeltsin, his inebriated predecessor who over-played his hand in opposing NATO's operation in Kosovo in 1999 only to be sidelined, ignored and humiliated in the postwar arrangements. Russia wants a free hand in Chechnya and to be heard on international issues.

We will stop all production of the peacekeeper missile. And we will not purchase any more advanced cruise missiles. This weekend I will meet at Camp David with Boris Yeltsin of the Russian Federation.