MOSCOW — Russian lawmakers on Wednesday quickly approved the extension of the last remaining nuclear Russia-U.S. arms control treaty, a fast-track action that comes just days before it’s due to expire.

Both houses of parliament voted unanimously to extend the New START treaty for five years, a day after a phone call between U.S. President Joe Biden and Russian President Vladimir Putin. The Kremlin said they agreed to complete the necessary extension procedures in the next few days.

Speaking via video link to the World Economic Forum’s virtual meeting, Putin hailed the decision to extend the treaty as “a step in the right direction,” but warned of rising global rivalries and threats of new conflicts.

The pact’s extension doesn’t require congressional approval in the U.S., but Russian lawmakers must ratify the move and Putin has to sign the relevant bill into law.

In this file photo taken from a video distributed by Russian Defense Ministry Press Service, on Dec. 9, 2020, a ground-based intercontinental ballistic missile was launched from the Plesetsk facility in northwestern Russia as part of military drills. (Russian Defense Ministry Press Service via AP)

Deputy Foreign Minister Sergei Ryabkov told lawmakers that the extension will be validated by exchanging diplomatic notes once all the procedures are completed.

The upper house speaker, Valentina Matvienko, said after the vote that the decision to extend the pact shows that Russia and the U.S. can reach agreements on major issues despite the tensions between them.

New START expires on Feb. 5. After taking office last week, Biden proposed extending the treaty for five years, and the Kremlin quickly welcomed the offer.

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