Taking a jibe at Putin’s receiving the Nobel prize, Obama said, “To be fair, they give those to just about anybody these days.”
Obama, during his visit, will also address the European frustrations, developing below the surface, with the US.
US expands its sanctions on Russians in response to the annexation of Crimea.
The decree signed by Putin and posted on the official government website is one of the steps to formalise the annexation of Crimea.
West has consistently spoken out against Russia’s actions but has run into a wall of resistance from Moscow.
Sanctions could include bans on travel to the US and Europe, and a freeze on bank accounts and other assets.
Prime Minister Arseniy Yatsenyuk vowed Ukraine would not cede “an inch” of its territory to Moscow.
The leaders stressed that the dialogue between Ukraine and Russia should start immediately.
At least 14 people were killed on Monday when suicide bomber blew himself up on a trolleybus.
So much for the value of Putins word.
Russian President Vladimir Putin Monday said he understood US President Obamas decision to cancel his trip to Asia.
G8 leaders are divided over the issue of arming the rebels in Syria
Activists have criticized the sweeping searches of as many as 2,000 NGOs across the country.
Hopes of an early jail release for the Pussy Riot punk protesters dimmed.
Large number of Russian citizens sign up as poll monitors to ensure free and fair elections.