Putin says Trump shares arms race fears, urges 'practical' steps

Vladimir Putin threatens to drop New START nuclear treaty

Russia: Putin warns New START nuclear arms treaty at risk

Britain said Thursday that resetting ties with Russia depended on Moscow changing behaviour, hours after Russian President Vladimir Putin said it was time to "turn the page" on the hard relationship.

Russian President Vladimir Putin, third right, speaks during a meeting with heads of world's leading news agencies at the St. Petersburg International Economic Forum in St. Petersburg, Russia, Thursday, June 6, 2019.

Sechin also claimed that US sanctions against Russian Federation are essentially giving Washington control over its largest aluminum producer Rusal as well as other metals.

"In the joint agreement that we signed on strengthening global strategic stability in the modern era we empathized the principled stance of Russian Federation and China on the unacceptability of jeopardizing the existing system of agreements on arms control, disarmament and nonproliferation", Putin said.

He accused the United States of shunning talks on extending the New START nuclear arms reduction treaty that is set to expire in 2021.

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At the same time, OPEC's largest producer and de facto leader, Saudi Arabia, which has a less diversified economy, is seeking higher oil prices as its budget is based on higher oil price levels, Putin said.

Putin said better ties between London and Moscow would benefit the interests of 600 British companies he said were working in Russian Federation.

Talking to journalists on Thursday, Vladimir Putin said that his recent talk with the American leader 'inspired certain optimism'. "But we have fulfilled our contract obligations in the sphere of military-technical cooperation and we will keep doing that".

Venezuelan vice president Tareck El Aissami has on Thursday said the United States uses aggressive policies and sanctions against nations across the world to impose its dominance in the global sphere, according to Sputnik news reports.

Putin said that while Russian Federation has repeatedly signaled its intention to begin discussions on extending the pact, Washington has been unresponsive.

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Both Brent and U.S. crude are in bear-market territory, having lost more than 20% from peaks reached in late April. Russian Federation is pitching in the biggest cuts among non-OPEC producers in the alliance.

Putin said that even without the extension of the treaty, Russian Federation has the newest weapons that will guarantee its security.

While criticising the USA moves, Mr Putin said that his latest call with Mr Trump "encouraged certain optimism".

"There won't be any instruments at all limiting an arms race, for example, the deployment of weapons in space".

Arms control talks should eventually involve other nuclear powers, Mr Putin said.

Xi and Putin signed on Wednesday the declaration on bilateral ties and global strategic security, as well as witnessed the signing of more than 30 cooperation agreements between the two countries.

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