Obama cancels talks with Putin

President Barack Obama formally canceled a much-discussed visit to Moscow next month for talks with Russian President Vladimir Putin, citing a lack of progress in bilateral relations since Putin regained the presidency a year ago.

Obama will still attend a G-20 summit in St. Petersburg in early September, but now will go to Sweden beforehand instead of stopping in Moscow to meet with Putin, the White House announced.

"Following a careful review begun in July, we have reached the conclusion that there is not enough recent progress in our bilateral agenda with Russia to hold a U.S.-Russia Summit in early September," a White House statement said.

In addition, no one-on-one meeting between Obama and Putin is scheduled for the G-20 summit, a senior administration official told CNN on the condition of not being identified. However, the two leaders would see each other at group meetings in St. Petersburg.

The White House statement noted progress in relations with Russia during Obama's first term, much of it when Dmitry Medvedev was president and Putin was prime minister. Putin regained the presidency in May 2012.

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