The country's top diplomat denied Moscow was aiming to develop relations in Asia at the expense of contacts with Europe.
Russian foreign minister Sergei Lavrov and US secretary of state John Kerry will attend the May 14-15 Arctic Council in Kiruna, Sweden.
Foreign Minister says there is ‘enormous potential’ for eastern Russia as Moscow forges closer diplomatic bond with Beijing.
Exports overseas increase to highest levels in seven years but Russia still slips behind rivals as Asia turns to other countries for wood.
Staycations have become a 'mass source of income' for businesses on the edge of Baikal, with predictions of more to come in 2015.
'I've got to talk to my British colleague,' said the Russian president as he left a key fuel and energy session to take the phone call.