By joining forces Russia and China will overcome all odds and resolve all the problems facing them, President Vladimir Putin told his Chinese counterpart Xi Jinping on Wednesday.

“We are fully aware of the economic and foreign policy problems we are dealing with now but, working together, we will resolve them all,” Putin said when meeting with the visiting Chinese leader on the fringes of the SCO and BRICS summits now underway in Ufa.

"I’m happy to welcome you in this beautiful Volga River city… I really appreciate your agreement to take part in the BRICS summit and then the SCO summit being held in one of the most beautiful places one can find here in Russia. I hope you will like it here,” Putin said.

“I know that the regional administration and the people who live here… worked real hard to prepare the city for the summits,” he added.

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