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Russia's Putin would be ready to host G7 in Moscow

Reuters  |  QINGDAO, China 

By Denis Pinchuk

QINGDAO, (Reuters) - did not choose to leave the and would be happy to host its members in Moscow, said on Sunday when asked about U.S. Donald Trump's suggestion that should have been at its latest meeting.

Trump said on Friday that should have attended a summit in over the weekend, an idea that even seemed to reject saying it was focused on other formats. Russia was pushed out of the then due to its annexation of Ukraine's Crimea four years ago.

"We did not (choose to) leave it, our colleagues refused to come to Russia due to known reasons at some point. Please, we will be glad to see everyone here in Moscow," Putin told reporters at a briefing in China's city of

He, however, added that the combined purchasing power of the Russia and China-led (SCO), a meeting of which he was attending in China, outstripped the The latter currently includes the United States, Canada, Japan, Britain, Italy, and

The ended in discord on Saturday when Trump clashed with Canadian and said he might hit the auto industry with tariffs.

Trump said in March that he and Putin would meet soon, but since then already poor ties between and have deteriorated further over the conflict in and the of a former Russian in Britain. The Kremlin has complained that efforts to organise the meeting seem frozen.

Putin said on Sunday he thought it was important that the two men meet and said he shared Trump's concerns about the risks of an arms race developing between Russia and the United States, something he said officials from the two countries needed to discuss.

He said a meeting could take place as soon as the was ready and that many European countries had offered their help in making it happen.

Putin, who has previously told he had warned them about the trade threat posed to them, also said that if Trump imposed new tariffs on imports of foreign cars it would have serious consequences for the global economy and especially for

Trump was due to arrive in on Sunday ahead of a historic summit with North Korean leader

(Reporting by Denis Pinchuk; writing by and Andrew Osborn; Editing by Adrian Croft/Keith Weir)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, June 10 2018. 14:16 IST