Presidency of Ronald Reagan to forestall the possibility of an agreement between the United States and the Soviet Union. Nonetheless, both Gorbachev and Reagan agreed to continue arms control negotiations at the October 1986 Reykjavík Summit. At the summit, Gorbachev and Reagan closed in on an agreement to greatly reduce or eliminate the nuclear stockpiles of both the U.S. and the Soviet Union over a ten-year period, but the deal collapsed due to disagreements regarding SDI development. Reagan attacked Gorbachev in a 1987 speech delivered in West Berlin, but negotiations continued. Gorbachev and Reagan broke the impasse by agreeing to negotiate separate treaties on
Foreign policy of the George H. W. Bush administration propose both the World Bank and IMF partner with the Soviet Union to grant the USSR a special association which would grant it access to "considerable financial and economic expertise of those institutions." Another summit was held in July 1991, where the Strategic Arms Reduction Treaty (START I) was signed by Bush and Gorbachev in Moscow. The treaty took nine years in the making and was the first major arms agreement since the signing of the Intermediate Ranged Nuclear Forces Treaty by Reagan and Gorbachev in 1987. The contentions in START would reduce the strategic nuclear weapons of the United