English subtitles for clip: File:President Obama's Bilateral Meeting with President Vladimir Putin of Russia.webm

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President Putin:
(as interpreted)
-- including at the levels

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of the Chairman of Government
of the Russian Federation

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and the Vice President
of the U.S.

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We have spoken in detail about
the matters of security --

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of strategic security
between the two countries

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and the world as such.

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I believe that we have an
opportunity to move forward

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on most sensitive directions.

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We also spoke about problem
spots on the planet,

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including Syria.

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And, of course, our opinions do
not coincide, but all of us have

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the intention to stop the
violence in Syria, to stop

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the growth of victims, and to
solve the situation peacefully,

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including by bringing the
parties to the negotiations

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table in Geneva.

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We agreed to push the parties
to the negotiations table.

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I hope that after the elections
in Iran there will be

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new opportunities to solve
the Iranian nuclear problem.

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And we'll be trying to
do that bilaterally and

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in the international
negotiations process.

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We also spoke about the problem
of North Korea, and we agreed

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to emphasize our interaction
on all the directions.

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And I am very grateful
to the U.S. President

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for the detailed discussion

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and for the frank exchange of
opinions on these matters.

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President Obama:
Well, I had a very
useful conversation

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with President Putin, and
I began by thanking him again

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for the cooperation that
they've provided in dealing

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with the tragedy of the bombing
at the Boston Marathon.

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(interpreting)

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We have a shared interest in
countering terrorist violence,

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and we are continuing to
strengthen our cooperation

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on this issue, including as
we welcome Russia hosting

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the Winter Olympics in Sochi.

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(interpreting)

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As President Putin indicated,
we had extensive discussions

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about how we can further
deepen our economic

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and commercial relationships.

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(interpreting)

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With Russian accession to
the WTO, the removal of

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Jackson-Vanick, I think we're
poised to increase both trade

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and investment between
our two countries.

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And that can create jobs
and business opportunities,

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both for Russians and Americans.

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(interpreting)

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Our discussions on North Korea
and Iran were very productive,

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and we both agreed
to consult closely on

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the North Korean issue.

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And in Iran, we both accept --
expressed cautious optimism that

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with a new election there, we
may be able to move forward

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on a dialogue that allows
us to resolve the problems

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with Iran's nuclear program.

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(interpreting)

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And with respect to Syria, we
do have differing perspectives

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on the problem, but we share
an interest in reducing the

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violence; securing chemical
weapons and ensuring that

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they're neither used nor are
they subject to proliferation;

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and that we want to try to
resolve the issue through

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political means, if possible.

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And so we have instructed our
teams to continue to work

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on the potential of a Geneva
follow-up to the first meeting.

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(interpreting)

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And finally, we had a discussion
about the fact as the two

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nuclear superpowers, we have
a special obligation to try to

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continue to reduce tensions, to
build on the work that we did

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with New START, and to lead the
world in both nuclear security

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issues and proliferation issues.

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(interpreting)

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And one of the concrete outcomes
of this meeting is that we'll be

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signing here the continuation of
the cooperation that was first

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established through the
Nunn-Lugar program to counter

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potential threats
of proliferation

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and to enhance nuclear security.

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(interpreting)

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And this I think is an example
of the kind of constructive,

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cooperative relationship that
moves us out of a Cold War

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mindset into the realm where,
by working together, we not only

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increase security and prosperity
for the Russian and American

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people, but also help lead
the world to a better place.

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(interpreting)

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And finally, we compared notes
on President Putin's expertise

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in judo and my declining
skills in basketball.

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(laughter)

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And we both agreed
that as you get older

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it takes more time to recover.

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President Putin:
(speaking Russian)

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President Putin:
(as interpreted)
The President wants to relax me

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with his statement of age.

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(laughter)

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President Obama:
Thank you.