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Obama Signs New Nuclear Arms Treaty

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President Barack Obama signed a new nuclear treaty today that will significantly reduce the number of nuclear arms that the U.S. will own in the next decade.

Russia's President Dmitry Medvedev also signed the new Strategic Arms Reduction Treaty, or S.T.A.R.T. treaty, in Prague, Czech Republic today.

The Associated Press reports that the treaty will reduce the number of strategic nuclear warheads that the U.S. and Russia will keep by one third over the next seven years. It also cuts the number of missiles, submarines and bombers carrying warheads by more than 50 percent. Next, the treaty must be ratified by Russia's parliament and by the U.S. Senate.

"Today is an important milestone for nuclear security and nonproliferation, and for U.S.-Russia relations," President Obama said. He added that the treaty is not intended to change the strategic balance that the U.S. has with Russia.

President Medvedev agreed, saying, "The result we have obtained is good."

The AP reports the START treaty sends a strong message about nuclear disarmament since the U.S. and Russia own more than 90 percent of the world's nuclear weapons.