U.S. President Barack Obama and Russian President Dmitry Medvedev, after holding their first face-to-face meeting in London ahead of the G20 summit, promised April 1 a new era in relations between the United States and Russia and made a milestone bid to agree far-reaching nuclear arms cuts.
"Over the last several years, the relationship between our two countries has been allowed to drift," Obama told reporters after his meeting with Medvedev. "What I believe we've begun today is a very constructive dialogue that will allow us to work on issues of mutual interest."
Obama stated that the two countries have started a constructive dialogue on issues that are related with the deployment of the anti-missile system, the tackle of terrorism and financial stability.
They agreed to work overtime to negotiate a replacement for the seminal 1991 Strategic Arms Reduction Treaty, or START, which expires at year's end.
The following is a transcript of the remarks delivered by Obama and Medvedev: