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President plans July visit to Moscow

Mr. Obama said he has accepted an invitation to visit Russia in July, when negotiators on the new treaty are expected to report back to their respective governments.

"The president extended an invitation for me to visit Moscow, to build on some of the areas that we discussed today, and I have agreed to visit Moscow in July, which we both agreed was a better time than January to visit," he said.

Medvedev: better relations possible

President Medvedev joined Mr. Obama's assessment that U.S. Russian relations have been drifting in recent years, and drifting in the wrong direction.

Speaking in Russian, he talked about the prospects for improving cooperation, saying there are many concerns the two countries can address together, even though they have differences in other areas.

Administration officials say President Obama did not shy away from raising those differences during his talks with the Russian president. They say the discussions covered the situation in Georgia, and the dispute over a pending U.S. plan to put components of a missile-defense system in Poland and the Czech Republic.