Ex-Im’s Greatest: Subsidizing a nuke proliferator

Published March 20, 2012 4:00am ET



This week the U.S. Senate may vote on reauthorizing and expanding the Export-Import Bank, a government agency that subsidizes U.S. exports. So I’m recalling some of their greatest hits.

By 1996 the U.S. government knew that the China National Nuclear Corporation and its subsidiary the China Nuclear Energy Industry Corporation) had provided nuclear technologies and nuclear weapons materials to Pakistan and Iran, including the sale of 5,000 ring-magnets (which can be used to weaponize uranium) to Pakistan that violated the Nuclear Non-Proliferation Treaty.

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