Trump has said he was open to having a summit with Putin, who United States intelligence officials have said directed Russian meddling in the 2016 election to help Trump win. He said he proposed eliminating all tariffs among the assembled nations, but also threatened to completely sever trade relations if he does not get his way.
"We will be ready to greet them all in Moscow", he added, referring to leaders of the USA, the United Kingdom, France, Germany, Japan, Canada and Italy. "I think the ball is in the Americans' court", Putin was quoted as saying by Interfax.
Moving onto tariffs, Canada's Prime Minister Justin Trudeau denounced Trump's plan to slap hefty tariffs on steel and aluminum imports on key USA trading partners.
'As soon as the US side is ready, the meeting will take place, depending, of course, on my working schedule'. "Colleagues refused to come to Russian Federation on well-known grounds".
Mr Trump announced back in March that he and Mr Putin planned to meet soon but since then relations between Washington and Moscow have since deteriorated over the conflict in Syria and the Salisbury spy poisoning scandal. In general, I believe it is a technical issue.
"President Putin is the leader of a great country, and is influential around the world", Xi said.
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.
"For Putin, this is return on his investment, and it's safe to say that his investment has paid off beyond even his wildest dreams".
GETTYUS President Donald Trump said he will soon invite PM Conte to the White House
Russian Federation and China "are interested in establishing peace and stability on the Korean peninsula", Putin said in a joint press briefing with Xi after their talks.
Speaking about the Skripal case, discussed at G7 summit, Putin noted, that "nothing new" was said on the matter, stressing that "it is necessary to stop chatter and move on to cooperation".
India and Pakistan are also members.
Both he and Mr Xi also held talks in the Chinese capital, where they hailed the close ties between their countries and discussed the upcoming US-North Korea summit, as well as the Iran nuclear deal.
Putin said that Washington's decision to exit the agreement could "destabilise the situation" in the region.
Iranian President Hassan Rouhani, whose country is an observer member of the SCO, will also attend the summit at a time when China and Russian Federation are seeking to save the Iran nuclear deal following Trump's withdrawal from the pact.
The United States and Russia's relationship has remained a big part of Trump's presidency since the 2016 election.
US President Donald Trump last month announced that the US was withdrawing from the Iran nuclear deal signed by the Obama administration in 2015 under which Tehran had agreed to limit its nuclear activities and allow in global inspectors in return for the lifting of crippling economic sanctions.
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