Putin warns he will point missiles at Europe

By Oleg Shchedrov

MOSCOW (Reuters) - President Vladimir Putin said Russia would go back to its Cold War stance of aiming its missiles at Europe if Washington went ahead with a plan to build a missile defence shield near Russia's borders.

In an interview released late on Sunday, Putin acknowledged that Russia's response risked reviving an arms race in Europe but said Moscow would not be responsible for the consequences because Washington had started the escalation.

Putin made the tough statement before what is likely to be a frosty Group of Eight summit in Germany on June 6 where, among other world leaders, he will come face to face with U.S. President George W. Bush.

Russia has not specifically targeted its missiles at Europe since the end of the Cold War but, asked if it might return to that if the U.S. missile shield plan went ahead, Putin said: "Of course we are returning to those times.

"It is clear that if a part of the U.S. nuclear capability turns up in Europe, and, in the opinion of our military specialists, will threaten us, then we are forced to take corresponding steps in response."

"What will those steps be? Naturally, we will have to have new targets in Europe."

Russia's combative response to the U.S. missile shield has prompted comparisons with the Cold War. Putin has directed angry rhetoric at the White House, last week calling U.S. policy "imperialist".

Russia has test-launched a new ballistic missile in a move it tied to the U.S. missile plans, and suspended its compliance with a treaty limiting the deployment of conventional forces near Russia's western borders.