Here is the Russian response to the Obama administration’s decision to modify the European missile defense shield:

Russia said Saturday it will scrap a plan to deploy missiles near Poland since Washington has dumped a planned missile shield in Eastern Europe. It also harshly criticized Iran’s president for new comments denying the Holocaust.

Neither move, however, represented ceding any significant ground. A plan to place Iskander missiles close to the Polish border was merely a threat. And while the Kremlin has previously criticized Tehran for questioning the reality of the Holocaust, Russian leaders have refused to back Western push for tougher sanctions against Iran.

It still remains unclear whether Moscow will make any significant concessions on Iran and other issues in response to President Barack Obama‘s move to scrap the Bush-era plan for U.S. missile defense in Poland and the Czech Republic.  [Associated Press]

I doubt the Kremlin will make any concessions other then these cosmetic ones simply because the decision to modify the European missile defense strategy was one I believe largely based on still developing capabilities and budget constraints rather then some grand deal with the Russians.