The statement made no mention of Russian Federation being invited back into the group from which it was kicked out in response to its 2014 annexation of Crimea, despite US President Donald Trump's insistence that the club would be better off if it brought Russian Federation back into the fold.
President Mamnoon Hussain and his Iran counterpart Hassan Rouhani agreed to bolster economic ties between the countries in a meeting held on Saturday in Qingdao, China. "The meeting will take place as soon as the USA is ready, though my working schedule must also be taken into consideration", Putin added.
Putin took a detour en route to a security summit in the Chinese port city Qingdao in order to accept the medal - China's "highest state honour" awarded to foreigners - at a ceremony at the Great Hall of the People in Beijing, reports Singapore-based newspaper The Strait Times.
Putin, speaking after the summit of the Shanghai Cooperation Organization in the Chinese port city of Qingdao, said Sunday that it was the other member states' decision to skip a scheduled summit in Russian Federation in 2014 and that they are welcome to Russian Federation.
The most powerful Russian and Chinese leaders in decades, Putin and Xi have forged closer ties as Trump has labeled both countries economic rivals that challenge United States interests and values.
President #Putin makes a video address on the occasion of the upcoming 2018 FIFA #WorldCup: We have done our best to ensure that all of our guests - athletes, staff, fans - feel at home in Russian Federation. Tensions mounted between the Trump administration and fellow G7 members Canada, Germany and France when the USA imposed steep tariffs on imported metals from the countries.
"All this gives me the grounds to believe that the dialogue can be constructive", Putin said.
He said: "I've always said that our country must remain within North Atlantic Treaty Organisation, but the sanctions are damaging us".
"But with that being said, Russian Federation should be in this meeting".
It was always an awkward fit, however, not just because of the rampant corruption in post-Soviet Russia and the fact that unlike the other democracies it has been ruled by a strongman for the past 18 years, but also because Russia is neither an ally of the other countries nor an important economic power. The two countries signed a series of deals, including nuclear cooperation projects of about $3 billion and a $1 billion industrial investment fund. The agreement, put into place in 2015 under President Barack Obama, lifted global economic sanctions against Iran in exchange for the country to limit its nuclear program.
Putin also praised joint efforts for peace in the world and affirmed that on the major issues of security, China and Russian Federation stand united.