Russia is already reluctantly locked in an arms race with the US, President Vladimir Putin conceded on Thursday, but it is ready to meet the challenge.
Putin used his annual end-of-year press conference to insist that Russia would ensure it retained its status as a global military power. He was asked whether, if Moscow and Washington fail to renew the New Strategic Arms Reduction Treaty before it expires in February, it would signal the end of a truce between the two countries.
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