Obama and Medvedev reach agreements in Moscow

The United States and Russia have signed at Moscow summit an agreement committing the two countries to sharply reduce the number of their nuclear weapons and delivery vehicles.

U.S. President Barack Obama says he and his Russian counterpart Dmitri Medvedev had reset U.S.-Russian relations on the first day of their Moscow summit.

The two leaders signed a statement instructing negotiators to finalize a replacement for the Strategic Arms limitation treaty that expires in December. The agreement provides for a reduction of warheads from 2200 to a range of 1500 to 1675 and of launch vehicles from 1600 to a range of 500 to 1100, Voice of America reports.

Commenting on the agreement Obama and Medved said in a joint statement: "We reaffirm our commitment to the goals of the common fight against the threats of terrorism, armed extremism, and illegal drug trafficking in Afghanistan. We shall continue and develop our cooperation in the interest of enhancing the capabilities of the government of Afghanistan to accomplish key socioeconomic objectives, to raise living standards, and to ensure the security of its people," The Los Angeles Times reports.

Afterwards, Mr Medvedev said the talks had been "very frank and very sincere", but that they had been, "without any doubt, the meeting we had been waiting for in Russia and the United States".

"I would like particularly to stress that our country would like to reach a level of co-operation with the United States that would really be worthy of the 21st Century, and which would ensure international peace and security," he said, BBC News reports.