However, having pulled out of the deal, the United States now says it will impose severe economic and trade sanctions on Iran. Russian Federation should be a part of it.
Thanks to President Putin, bilateral ties have withstood the test of ever-changing global situation, Xi said, noting the deepened political and strategic mutual trust, great progress in pragmatic cooperation in various fields, and the enhanced friendship between the two peoples.
Donald Trump has called for Russian Federation to be reinstated to the leading group of industrialised nations now known as the G7.
In May, the president announced his administration would impose steel and aluminum tariffs on Canada, Mexico and the European Union - all of which announced retaliatory tariffs against the U.S.in recent days.
The statement made no mention of Russian Federation being invited back into the group from which it was kicked out in response to its 2014 annexation of Crimea, despite US President Donald Trump's insistence that the club would be better off if it brought Russian Federation back into the fold.
He also said the G7 countries had "again" failed to provide any evidence that Russian Federation was behind the poisoning of a former double agent and his daughter in Britain in March. "I have been Russia's worst nightmare...but with that being said, Russian Federation should be in this meeting".
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"President Putin is the leader of a great country who is influential around the world", Xi said. Trump said in Washington as he was departing for the summit in Canada.
"Justin has agreed to cut all tariffs and all trade barriers between Canada and the United States", he joked, but also urged the Prime Minister to cut Mexico out of the troubled NAFTA talks - a suggestion already rejected by Mr. Trudeau.
The Russian President stated that U.S. leader Donald Trump in their latest conversation expressed concern about a new round of the arms race.
"Both countries really use their relationship to showcase [that] there is an alternative to the American hegemony, and they've been doing that for a while even before Trump", she said.
"It may not be politically correct, but we have a world to run".
Putin said that Washington's decision to exit the agreement could "destabilize the situation" in the region.
"We should reject self-centered, shortsighted and closed-door policies", said Xi, whose own country has been accused of restricting broad access for foreign firms to its huge market.