As such an absolute taxpayer-underwritten arrangement is now effectively required for the Soviet market, COFACE's decision to guarantee no more than 90 percent of the transaction amount will most likely result in the project's collapse.

CENTERFORSECURITYPOLICY: Center For Security Policy

Obama ordered Ralls to divest its interests in the project, the first time since 1990 that the President of the United States has formally blocked a business transaction on security grounds.

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