Putin has lost faith in Trump's promise to improve US-Russia relations

Russian President Vladimir Putin welcomes Japanese Prime Minister Shinzo Abe at the Kremlin in Moscow

Russian President Vladimir Putin warned Friday that the world could be heading for an unprecedented economic crisis due to the confrontational trade policy and protectionism being pursued by the United States. He added that people of Catalonia had a right to self-determination, "but at the same time we believe in respecting and conserving the sovereignty of states".

"If worldwide agreements are revised every four years it would offer zero horizon for planning", Putin said.

Russian President Vladimir Putin (R) and his French counterpart Emmanuel Macron attend a signing ceremony after the talks in St. Petersburg, Russia May 24, 2018. "The more sanctions the West puts, for us it's better" said Samoylov Andrei Viktorovich of POLYMIX. "But these are internal processes in each country that we have absolutely nothing to do with".

"This is now my second term in a row", the Russian leader said.

The Iran deal was the first time Russia, France, Germany and others had agreed on a major global issue since relations between Russia and the West chilled over Moscow's annexation of Crimea in 2014.

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During the joint press conference held following their meeting today, the Russian President said that he appreciated the efforts made by the European countries part of the Iranian deal to save it despite the withdrawal of Washington.

Macron's aides insist he is not cozying up to Putin, or seeking to pivot away from France's longstanding alliance with the U.S.in favour of one with Russian Federation and China.

"One of the ways to increase trust is to build cooperation".

In a later meeting with top editors of worldwide news agencies, Putin said he would observe constitutional term limits that would prevent him from running for a new term in 2024. However, some observers have suggested he might seek to have the constitution changed.

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