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Mr. Putin said last month that the proposed summit between him and Trump was not working out for now and was beset by problems.

Hours before he boarded Air Force One to fly to Quebec for the G7 meeting, U.S. President Donald Trump launched a series of fresh salvos at Prime Minister Justin Trudeau and called on Russian Federation to be readmitted to the exclusive club of leading industrial nations. "As soon as the USA side is ready, the meeting will take place, depending, of course, on my working schedule".

Trump's suggestion of readmitting Russian Federation was unlikely to gain any traction at the gathering of the group that includes the United States, Canada, Japan, Britain, Italy, France and Germany.

"This medal of friendship represents the Chinese people's lofty respect for President Putin, and symbolizes the profound friendship between China and Russian Federation", he said. "Russia should be in this meeting", Trump told reporters before leaving the White House South Lawn for Canada, where the summit is being held.

Trump has said he was open to having a summit with Putin, who USA intelligence officials have said directed Russian meddling in the 2016 election to help Trump win.

The American leader has repeatedly said he wants to improve relationships with Moscow.

"We value the Russia-China comprehensive strategic partnership of coordination", said Putin, adding that friendship between the heads of state and friendship between the two peoples are the solid foundation for the bilateral strategic cooperation. Our colleagues once refused to come to Russian Federation due to well-known reasons.

Experts said the award was a clear sign that both countries were growing closer amid increasing pressure from the US. "It's a one-time shot and I think it's going to work out very well".

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Trump was heading into a bigger controversy over trade as other G7 leaders, including host Canadian Prime Minister Justin Trudeau, have been angered over Washington's imposition of tariffs on steel and aluminum imported from allies including Canada and the European Union.

It's far from certain that today's Xi-Putin jewelry exchange had any impact on Trump's call for Russian Federation to rejoin the G7.

"Dialogue may prove to be constructive", he said in the interview, the full version of which was released on Saturday. "It's time to stop that chatter and deal with real issues".

His comments ahead of the G7 summit prompted fresh criticism from some USA lawmakers.

Founded in 2001, the SCO also includes the former Central Asian Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

A French presidential source said Trump's proposal did not seem "coherent" in view of the latest economic sanctions imposed by the United States on Moscow.

US President Donald Trump pulled Washington out of the 2015 global pact with Iran that placed limits on its nuclear programme in return for the easing of economic sanctions.