"Despite everything, we have some alignment of positions and an understanding of what we could do to de-escalate the situation in Syria", Putin said at a press conference following the G20 summit in the eastern Chinese city of Hangzhou on Monday.
Significant sticking points remain in the negotiations over creation of an unlikely U.S.
Russian Federation has backed Syrian President Bashar al-Assad, but the United States has worked with what it says are moderate opposition forces fighting against him. "Our other partners, including Iran, will also be informed [on the progress]", Putin added.
He said a flurry of diplomacy at the economic summit in China - and a 90-minute meeting earlier today with Vladimir Putin - did not result in a breakthrough.
At the press conference Monday, Obama also addressed concerns about cybersecurity, acknowledging that the US has "had problems with cyber intrusions" from Russian Federation and other countries.
"We need increased growth, but it must be better balanced, more sustainable, and inclusive so as to benefit all people", she said. Having mentioned "the gaps of trust" that exist between the two nations' leaders, Obama said that the work to close them is in progress.
Obama also said he and Putin spoke in generalities about cybersecurity and emphasized that "the goal is not to duplicate in the cyber area the cycle of escalation" which has complicated the solution to other problems.
At their first meeting in over a year Xi said the two powers should "put aside disruptions" in their relationship, and Abe described China to reporters as "an important friend of Japan's since long ago".
The Russian leader also said that Moscow welcomes the renewal of full-scale relations with Washington, but for progress to be made the U.S. should lift its sanctions implemented in connection with the Ukrainian crisis.
The global economy has arrived "at a crucial juncture", Xi said, in the face of sluggish demand, volatile financial markets and feeble trade and investment.
The comments were made a day after Obama said the United States and Russian Federation had deep differences with regard to the parties they support in Syria as well as the process to bring peace there.
The missile test was also an unwanted distraction for the United States, which has been trying on the sidelines of the summit to finalise a deal with Russian Federation for a ceasefire in Syria.
Speaking at a news conference at the close of the G20 summit, Merkel said that there was 10 times as much direct investment in the European Union as in Africa.
Speaking at a news conference in China, Obama said there are some significant sticking points in the negotiations over creating a USA and Russian military partnership that would focus firepower on "common enemies" in Syria.