Russian President Vladimir Putin rejects G7 criticism, stresses cooperation

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Even as the scope of the breakdown over USA tariffs became clear, Xi was taking the podium to criticize what he said were new forms of "unilateralism" and "protectionism". In general, I believe it is a technical issue.

The Russian government also appeared to snub Trump's idea.

"The nuclear energy state-owned corporation Rosatom is one of Russia's most internationally competitive companies", Lukin said.

"As for the United States' illegal walkout from these agreements, a far more serious and important dialogue between our countries is required", TASS quoted Rouhani as saying.

The Chinese president even gave his Russian counterpart a large gold necklace-technically a "friendship medal"-as a symbol of their growing bond".

"Our countries are definitely concerned about the current situation regarding the Iranian nuclear program", the Russian leader pointed out, adding that "the United States withdrawal from the JCPOA may destabilize the situation".

As a leader of major country with global influence, President Putin is "an old friend" and "a good friend" of the Chinese people, Xi said.

"As for Russia's return to the G7, G8 - we never left it", he said.

On his 19th visit to China after his recent re-election, Putin held talks with Xi while on his way to attend the Shanghai Cooperation Organisation (SCO) meeting at Qingdao on Saturday. A US intelligence report released in 2017 concluded Russian Federation meddled in the 2016 election at the order of Vladimir Putin.

Iranian President Hassan Rouhani walks to his auto after walking out from the airplane upon his arrival at Qingdao Liuting International Airport, Shandong province, China, June 8, 2018.

While Xi feted his peers with fireworks, SCO members have their own disagreements, with India concerned about China's trade infrastructure project in disputed territory in arch-rival Pakistan.

"We're looking for peace in the world", Trump said Saturday, according to the Daily News.

Last month, US President Donald Trump announced Washington's pullout from the JCPOA, vowing to reinstate nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.

"There have been no concrete agreements or understandings, and no specific discussions are being conducted now", Peskov said.

Earlier this year the White House refused to impose sanctions on Russian Federation that were passed into law nearly unanimously last year and was created to punish Moscow's alleged meddling in the 2016 USA election.

The combined purchasing power of the Shanghai Cooperation Organization is greater than that of the G7, Putin said.

But, she said "it's an asymmetrical relationship with Russian Federation more dependent on China than vice versa, especially in the economic sphere".

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