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His statement comes amid a severe strain in Russia’s relations with the U.S. and its NATO allies, which have plunged to the lowest point since the Cold War over the crisis in Ukraine.

For many years, the Kremlin has protested the U.S.-led missile shield, voicing concern that it could eventually become capable of intercepting Russia’s nuclear-tipped intercontinental ballistic missiles, thus eroding the strength of the nation’s nuclear deterrent.

Washington, in turn, has argued that the shield was aimed to fend off missile threats from nations such as Iran and North Korea and wouldn’t be capable of dealing with the massive Russian nuclear arsenal.

Putin argued Tuesday that the U.S. has kept working on the missile shield despite Iran’s deal with six world powers that has curbed its nuclear program in exchange for relief from international sanctions.

“So, references to the Iranian and the North Korean nuclear missile threat just have served to cover up the true plans, and their true task is to neutralize nuclear potential of other nuclear powers, … Russia in particular,” Putin said. “Regrettably, our concerns and co-operation proposals haven’t been taken into account.”

Putin added that in the future Russia may also work on the development of its own missile defence systems, but will now focus primarily on commissioning new strike weapons. He said that over the past three years Russian arms makers already have built and tested prospective weapons systems, “which are capable of performing combat tasks in spite of the multi-echelon missile defence system.”

“Such systems have begun to enter combat duty this year,” Putin said without elaborating.

(the above was written by the Associated Press)