Barack Obama, the US President has shelved plans for controversial bases in Poland and the Czech Republic in a major overhaul of missile defence in Europe. br br Obama said his decision to shelve the missile defence plan was not dictated by Russian opposition. He expressed hopes that his new missile defence plan for Europe will make Russia "less paranoid".br br While president Obama says Washington is still focused on Iran's threat, his opponents say the decision was a victory for Russia.br br We ask what are the likely implications of Obama's move on the US Russian relations and the rest of the world?br br Inside Story presenter Maryam Nemazee discusses with Georgi Gotev, a senior editor of Euactiv, Alexander Pikaev, a military specialist at the Russian Academy of Sciences, and Donald Jensen, Center for Transatlantic Relations, a former US inspector of Soviet Weaponary.