Putin especially criticised what he called an increase of US and NATO presence in Europe and said Moscow must strive to build a powerful modern army to protect its sovereignty and ensure its interests in the world are protected.
"Russia must be among the leading countries, and in some areas the absolute leader, when it comes to building a new- generation army," Putin said. "This is important to ensure our sovereignty."
"We must follow the change in the world's balance of power, first and foremost near Russia's borders... and in Europe, where NATO infrastructure is being built up quickly."
He accused the US of violating the Intermediate Nuclear Forces (INF) Treaty dating from 1987 which eliminated all nuclear and conventional missiles with short and intermediate range.
Moscow has said the US Patriot missile system in Poland and Romania could be tailored to shoot missiles at Russia. Washington has also accused Moscow of violating the treaty.
"Launching systems for air defence missiles can become systems for intermediate range cruise missiles at any moment," Putin said. "The US is on its way to destroying the INF treaty.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.