Medvedev, Obama to meet in Moscow

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US President Barack Obama will visit Russia next Monday. In a video address on Thursday, Russian President Dmitry Medvedev said he hopes their talks will be substantial.

US President Barack Obama (R) speaking with Russian President Dmitry Medvedev in London in April 2009. Obama and Medvedev discussed issues set to dominate their upcoming summit, the White House said Wednesday, a day after their conversation. (AFP/File/Saul Loeb)

Dmtry Medvedev said that he's hopeful next week's summit with Barack Obama will help Moscow and Washington find new ways to cooperate.

Dmitry Medvedev, Russian President, said, "I hope that my American colleague and I will hold substantial and full-fledged talks that will produce real results."

Medvedev says relations between the two countries have worsened over past years.

But he notes the new US administration is now demonstrating readiness to change the situation, and build more effective, more reliable and in the end more modern relations.