Putin ready to meet Trump over arms race concerns

Vladimir Putin has told Russian billionaires to stay in their homeland along with their money in the wake of the Roman Abramovich visa row. The Chelsea FC owner

"As for Russia's return to the G7, G8 - we never left it", Putin said. The latter now includes the United States, Canada, Japan, Britain, Italy, France and Germany.

Though not officially on the agenda, analysts say that one key topic of discussion this year may focus on whether Iran will be allowed to ascend from its position as an SCO observer to become a full member state - a development it has sought since 2008 but has been unable to achieve while subject to United Nations sanctions.

Trump announced the US would leave what he called the "horrible" Iran nuclear accord in May.

Putin's comments that he was ready to meet Trump came just a day after the U.S. President rattled G7 leaders at a summit in Canada, where he repeated his appeal to the group to allow Russian Federation back in.

"They should let Russian Federation come back in because we should have Russian Federation at the negotiating table", the United States leader said before boarding the presidential jet.

Trump claimed America had been forced to levy the metal tariffs as it has been exploited as the world's "piggy bank" under existing arrangements, but his counterparts were equally determined to protect "rules-based" global trade.

Thus, President Putin made it clear he held President Trump with high respects, and that his personal efforts would always include the thought of betterment of their relations, even as the political relations between Moscow and Washington plummeted to new depths every day.

He said a meeting could take place as soon as the United States was ready and that many European countries had offered their help in making it happen.

"Based on Justin's false statements at his news conference, and the fact that Canada is charging massive Tariffs to our U.S. farmers, workers and companies, I have instructed our U.S. Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!", the president posted on Twitter.

The G-7 became the G-8 in 1997, when Russian Federation became a member along with Britain, Germany, Italy, Canada, the United States, France and Japan.

Moscow has denied any interference, and U.S. President Donald Trump has denied any collusion.

China and Russian Federation already enjoy a relatively extensive economic dialogue, which has warmed in several areas since the crisis in Ukraine that contributed to Moscow's suspension from the G8.

"I feel that Kim Jong Un wants to do something great for his people and he has that opportunity and he won't have that opportunity again", Trump said.

Russian Federation agreed to strengthen trilateral cooperation in transport, infrastructure, customs and tourism, and facilitate trade and personnel exchanges, said Putin.

"We have been a faithful player to this commitment, we've done our best, we've shown our good intentions".

The shift has yielded only modest economic benefits, with Russia's two-way trade with China still less than half what it is with Europe, but it has allowed Putin to slough off his country's isolation from the West.

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