Associate Professor Li Mingjiang of the S. Rajaratnam School of International Studies said China and Russian Federation had been cooperating since the late 1990s as they "responded to quite similar pressures from the West".
Putin said the United State's withdrawal could "destabilize the region" in the middle east according to the Associated Press and added Russian Federation will continue to honor the deal.
U.S. President Donald Trump has called for readmitting Russian Federation into the Group of Seven (G7) leading industrialized nations, a call that puts him directly at odds with some of the United States' closest allies.
Austria and other European countries, he said, have been discussed as a possible venue for a U.S. -Russia meeting.
The "historic" Korean reconciliation of the Korean peninsula and the upcoming bilateral talks between United States President Donald Trump and North Korean leader Kim Jong Un were also mentioned in Putin's statement.
"Russia welcomes the planned summit of the US and North Korea and notes China's big contribution to helping settle the crisis on the Korean Peninsula", Putin said. Trump criticizing the Group of Seven nations host and stepped back from the generally positive tone that had ended the two-day meeting in Quebec. "The meeting will take place as soon as the USA is ready, though my working schedule must also be taken into consideration", Putin added. "I think it would be good for all of the countries of the current G7", Trump said. 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". Meanwhile, there may never have been a president of the United States who is so unremittingly hostile to America's closest allies.
Trump has said he was open to having a summit with Putin, who US intelligence officials have said directed Russian meddling in the 2016 election to help Trump win.
Trump on Friday suggested that Russian Federation should be reinstated to the group, telling reporters that his view "may not be politically correct" but "we should have Russian Federation at the negotiating table".
Russian Federation had earlier been suspended from the summit in 2014 when it had annexed the Crimean Peninsula from Ukraine, one of the first violations of a European country's borders to be carried out after World War II.
"No matter what country has terrorists, we must strengthen our regional cooperation and not allow them to affect regional security", he told a press conference Friday, adding that the SCO bloc had stopped "hundreds" of terrorist acts.
That's "not something we are even remotely interested in looking at", Trudeau said on Saturday.
"Once again, nothing concrete was said", Putin said, referring to the G7 statement.
Highlighting the importance of maintaining regional stability and security, he added, "we want to see a secure and stable Afghanistan, and the coordination of Iran, Pakistan and Afghanistan is very important for the security and development of the region".
Russian President Vladimir Putin has criticized the US withdrawal from the Iranian nuclear deal in a speech at a regional summit in China.