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Putin says Russia will modernize its arsenals without entering new arms race

Russian President Vladimir Putin, right, visits the Central Scientific Research Institute of Precise Mechanical Engineering in Klimovsk, near Moscow, Russia, Tuesday, Jan. 20, 2015. At rear is Deputy Prime Minister Dmitry Rogozin. (AP Photo/RIA-Novosti, Mikhail Klimentyev, Presidential Press Service) (The Associated Press)

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