In a press conference following the conclusion of the G-8 Summit in Deauville, France, President Dmitry Medvedev discussed Russia’s response to missile defense talks with the US.

On the critical subject of missile defense, which threatens to become a dangerous development for the European continent, not to mention  US-Russian relations, Medvedev expressed his dissatisfaction with the result of the talks.

"I am not satisfied with the American side's reaction to my proposals and with NATO's reaction in general,” Medvedev said.“Why? Because we are wasting time. Even though I spoke about the year 2020 yesterday as a deadline…which is the year when the construction of a four-stage system of the so-called adaptive approach ends."

After 2020, if we do not come to terms, a real arms race will begin, Medvedev said at the closing press conference in Deauville.

Medvedev stressed that he has received no conclusive guarantees that the missile defense shield is not being targeted at Russia.