The Russian president met journalists on Wednesday night to elaborate on his earlier address on the state of the nation, in which he outlined Russia's moves in response to a potential deployment of American intermediate-range missiles in Europe, among other things.
"They will only take 10-12 minutes to reach Moscow", Putin said.
"I will reiterate Russia's unwillingness deploy missiles in Europe first if they [American medium-range missiles] are not produced and delivered to the European continent, but the United States has such plans".
"I can't speak for our partners, what they have up their sleeves, but I think it will do colossal damage to them", he said, without elaborating.
Putin added that the other weapons, which he announced previous year, including the nuclear-powered Burevestnik cruise missile and the Poseidon nuclear-powered underwater drone, have been undergoing tests successfully.
The pact meant neither side could base short and intermediate-range land-based missiles in Europe.
Additionally, Putin confirmed last year's announcement that Russian Federation is developing powerful weapons of its own and that work on the "advanced" weapons systems "continues without failures".More news: Roger Stone apologizes to judge for controversial Instagram post
Shortly after Putin's speech, the Defense Ministry released a brief video showing a test of the Poseidon, which can target coastal areas with a heavy nuclear weapon, causing a devastating tsunami wave.
The tough military talk seemed aimed at stirring up patriotic support for Putin, who won re-election previous year with more than 76 percent of the vote but has been recently struggling with dropping opinion poll numbers.
The United States has long said that system is created to defend against "rogue" states such as Iran and provides no protection against Russia's nuclear arsenal.
He said the Zircon programme will not be too costly as the missile has been created to equip Russia's existing surface ships and submarines. Both weapons allow the Russians to hit targets that were once out of range.
President Vladimir Putin focused on social needs in his state-of-the-nation address Wednesday, promising to raise welfare payments, improve education and the struggling health care system, and remove toxic dump sites from cities.
He repeated last year's statistics, saying that 19 million people lived in poverty and said that government should provide assistance or training to help people get out of poverty. Putin, whose popularity ratings are at a five-year low, promised increased public spending, lower taxes for families and better living conditions for Russians.