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Abstract
US President George Bush's speech on May 1, 2001, on his Administration's policy on National Missile Defence (NMD) sharply brought the issue into global focus. The Anti‐Ballistic Missile (ABM) Treaty of 1972 strongly impacts on both the Strategic Arms Reduction Treaty (START) process and NMD, as the offence‐defence debate rages on. This article gives a brief background on these two issues, i.e., the START process and NMD, their status, and ends with a Russian perspective on them (February‐May first week, 2001).