The debate on strategic stability and its prospects has been gaining momentum within the Russian academic and expert communities for the last couple of years, which is not surprising given the fact that the whole of the international security architecture is under extensive pressure. Traditional arms control treaties previously regarded as a critical instrument of ensuring strategic stability are on the verge of collapse. The system is under double blow. First, rapid technological progress blurs the distinction line between nuclear and conventional weapons, thus increasing the risk of escalation. Secondly, the global security landscape is becoming increasingly multilateral, thus making the traditional bilateral track less relevant – at least, for the United States.