Meanwhile, on the sidelines of the summit, President Obama joined Russian President Dmitry Medvedev to announce a new round of talks on lowering nuclear arsenals.

President Obama: “I believe [what] we’ve begun today is a very constructive dialog that will allow us to work on issues of mutual interest, like the reduction of nuclear weapons and the strengthening of our nonproliferation treaties, our mutual interests in dealing with terrorism and extremism that threatens both countries, our mutual interests in economic stability and restoring growth around the world, our mutual interests in promoting peace and stability in areas like the Middle East.”

Obama is scheduled to visit Moscow for a summit in July.