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Russia's Foreign Minister Sergei Lavrov says Moscow is "seriously concerned" about a proposed U.S.missile defense system in Europe, but says his country will not start a new arms race.

Lavrov said Tuesday said Russia would react to what he called "emerging threats to its national security." Along with the missile defense system, Lavrov cited recent NATO expansion and deployment near the Russian border. (Read more)

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The New Russia

Russian FM Says Moscow Will Not Enter New Arms Race With Washington