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U.S. Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov exchange documents formally bringing into force the landmark nuclear arms reduction pact START during the 47th Conference on Security Policy in Munich. Image Credit: Reuters

Munich: The US and Russia have finalised a nuclear arms treaty that limits the number of atomic warheads the two former Cold War foes are allowed to possess.

The New START treaty went into effect on Saturday when US Secretary of State Hillary Rodham Clinton exchanged the ratification papers with Russian Foreign Minister Sergey Lavrov on the sidelines of a security conference in Munich.

The treaty limits each side to 1,550 strategic warheads, down from 2,200. The pact also re-establishes a monitoring system that ended in December 2009 with the expiration of an earlier arms deal.

The treaty was approved by the US Senate in December after President Barack Obama pressed strongly for its passage. Russia ratified the deal last month.