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08 April, 2010, 19:52 Taking a step toward a nuke-free world, Presidents Dmitry Medvedev and Barack Obama have signed a crucial arms-control treaty cutting Russian and American strategic nuclear arsenals by about a third. Having managed to overcome major sticking points during months of negotiations over the deal, the leaders of the two largest nuclear powers arrived in the Czech capital, Prague, for the signing ceremony. Prior to the event, Obama and Medvedev met for narrow format talks. The new agreement replaces the 1991 Strategic Arms Reduction Treaty known as START which expired on December 5, 2009. The so-called new START reduces the possession of both states stockpiles over seven years to 1550 warheads each, which is about 30 per cent less than the 2200 allowed by the previous agreement. Also, according to the deal the number of deployed ballistic missiles should not exceed 700 and deployed and non-deployed ICBM launchers, and 800 SLBM launchers and heavy bombers. The number of delivery vehicles will be reduced by more than a half. After the ceremonial signing event at the Prague Castles Spanish Hall, Medvedev and Obama addressed the media at a joint conference