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Moscow, Feb 5 (IANS/RIA Novosti) Russia will build a reliable aerospace defence system to effectively counter NATO missile threats, Deputy Prime Minister Dmitry Rogozin said Sunday.

Rogozin, appointed recently to oversee Russia's defence industry, tweeted that the global security conference being held in the German city of Munich had failed to come to a compromise on creating a European missile defence system.

Rogozin quoted NATO Secretary General Anders Fog Rasmussen as saying that NATO would continue "to develop a missile defence system because we feel a strong responsibility to protect our populations effectively against the missile threat".

"Well, as for us, we also feel responsibility for protecting our population from your missile threat and will create a reliable air and space defence," Rogozin, who served as Russia's envoy to NATO prior to his new appointment, wrote on his Twitter account.

Russia and NATO had agreed to cooperate on the so-called European missile shield during the NATO-Russia Council summit in Lisbon in November 2010.

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