Iranian President slams U.S. for withdrawing from nuclear deal

Donald Trump calls for end to Russian expulsion from G7 grouping

Iran and the five permanent members of the United Nations Security Council - the United States, France, Britain, Russia and China - plus Germany signed the nuclear agreement on July 14, 2015 and started implementing it on January 16, 2016.

Putin said Sunday that the current structure of the Shanghai Cooperation Organization is "optimal" and emphasized its combined economic power and political clout.

They have "resolutely supported the other's core interests ... and jointly proactively participated in worldwide affairs and global governance, " Xi said.

Further underlining the relationship's importance, the visit comes just a month since Putin began his new term in office.

"But I believe it's a technical issue", he said.

The meeting with China's president Xi Jinping took place on Sunday on the sidelines of the Shanghai Cooperation Organization summit in the eastern coastal city of Qingdao, and comes at a time when Iran faces reimposition of sanctions by the U.S., which could impact its crude oil exports.

Despite this, Putin also said Sunday he's ready to meet with Trump, "as soon as the US side is ready".

The new government in Rome has previously said that the sanctions on Russian Federation have severely damaged Italy's agriculture and tourism industries, well as its design and handicraft sectors, after Italy became the top country in Europe for Russia's monied oligarchs to spend money on luxury goods and vacation property during the years of Italy's convicted former prime minister, as well as Putin's close personal friend and an acquaintance of Trump's, Silvio Berlusconi.

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"The U.S. president has repeatedly said that it's reasonable to hold such a meeting", he said.

Russian Federation was kicked out in 2014 after annexing Crimea.

Trump and Putin have spoken by phone eight times, according to readouts distributed by the White House.

The Russian prez said he did not discuss meeting venue but "many" countries including Austria are willing to help organise such a summit.

Putin said the bloc's new counterterrorism agreement foresees joint drills, exchanging information and conducting coordinated anti-terror action. "It's time to stop that chatter and deal with real issues".

Last Sunday Xi and Putin toasted the expansion of the Shanghai Cooperation Organisation (SCO), an eight-member bloc created to coordinate security policies across Asia.

"Indeed, we are one hundred percent determined to continue cooperation between China and the European Union, but I can add also with Russian Federation as it belongs to the signatory countries, but also with other partners internationally who are committed to preserve the nuclear deal and its full implementation", the senior EU official said.

Information for this article was contributed by Dake Kang and Vladimir Isachenkov of The Associated Press; and by Dandan Li and Stepan Kravchenko of Bloomberg News.

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