As G7 summit begins Russia's Putin meet China's Xi

BEIJING CHINA- MAY 15 Chinese President Xi Jinping attends a news conference at the end of the Belt and Road Forum for International Cooperation

BEIJING CHINA- MAY 15 Chinese President Xi Jinping attends a news conference at the end of the Belt and Road Forum for International Cooperation

"We have massive trade deficits with nearly every country, we will straighten that out", Trump said.

The Iranian president said his country was ready to cooperate with the SCO against terrorism, extremism and separatism.

"It is the highest-level, most profound and strategically most significant relationship between major countries in the world", said Mr Xi.

Trump's musings about re-admitting Russian Federation are sure to further irritate other members of the G7, many of whom have had to deal with Kremlin-related meddling over the a year ago.

Mr Putin, speaking during a visit to China, said: "We did not choose to leave it, our colleagues refused to come to Russian Federation due to known reasons at some point".

"And in the G7, which used to be the G8, they threw Russia out - they should let Russia come back in because we should have Russia at the negotiating table", Trump added. "Please, we would be happy to see everyone in Moscow".

Putin says some nations including Austria have offered to host his summit with Trump.

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The Russian leader said he shares concerns that Trump has voiced about a renewed arms race, adding that a thorough discussion is needed to address the issue.

Trump has repeatedly put himself at odds with practically the entire United States political and security establishment over Russian meddling in the 2016 Presidential Election.

The presidents of China, Russia and Mongolia pledged to strengthen trilateral cooperation during their meeting here on Saturday.

Putin said the bloc's new counterterrorism agreement foresees joint drills, exchanging information and conducting coordinated anti-terror action. But there are a lot of countries which are willing to assist us in this. They include a "powerful sanctions regime", "increased funding for the European Deterrence Initiative" and "onsite cyber-security support" during State elections.

The Chinese president said the three countries should push the construction of the China-Mongolia-Russia economic corridor, actively explore cooperation in areas such as infrastructure interconnectivity, and promote sub-regional cooperation in adjacent areas of the three countries. "It is important that these meetings if they take place... are filled with specific content", Putin told reporters.

MSNBC's Katy Tur was pretty stunned today by President Trump talked about reinstating Russian Federation in the group of industrialized nations now called the G-7. I think it would be good for the United States. "It's time to stop that chatter and deal with real issues". "It has a significant importance for the entire world's economy", Putin noted.

Mr. Putin said last month that the proposed summit between him and Trump was not working out for now and was beset by problems.

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