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US and Russia agree nuclear cuts US and Russia agree nuclear cuts
(10 minutes later)
The United States and Russia have agreed a deal to cut back their stockpiles of nuclear weapons. US President Barack Obama and Russian President Dmitry Medvedev have reached an outline agreement to cut back their nations' stockpiles of nuclear weapons.
US President Barack Obama and Russian President Dmitry Medvedev reached the agreement during talks in Moscow. The "joint understanding" signed in Moscow would see reductions of deployed nuclear warheads to below 1,700 each within seven years of a new treaty.
The deal commits the two countries to further cuts in their nuclear arsenals after the Soviet-era Start I accord expires in December. The accord would replace the 1991 Start I treaty, which expires in December.
Both leaders have expressed the hope that Mr Obama's visit can help the two countries rebuild their strained ties.Both leaders have expressed the hope that Mr Obama's visit can help the two countries rebuild their strained ties.
Earlier, Mr Obama said the two countries had more in common than they had differences.
Mr Medvedev meanwhile said they would close some pages from the past and open others for the future.