Putin sees 'a lot of issues' at first summit with Biden

With deep disagreements likely and expectations of solving them low, US President Joe Biden and Russian President Vladimir Putin sat down in a lakeside Geneva villa on Wednesday for their first summit since Biden took office.

Both have said they hope their talks can lead to more stable and predictable relations, even though they are at odds over everything from arms control and cyber-hacking to election interference and Ukraine.

Putin and Biden shook hands on arrival before going inside.

"Mr President, I'd like to thank you for your initiative to meet today," Putin said, sitting next to Biden, adding: "US and Russian relations have a lot of issues accumulated that require the highest level meeting."

Biden said they would try to determine areas of cooperation and mutual interest. "It is always better to meet face to face."

Aides had earlier downplayed hopes for the summit.

"We're not expecting a big set of deliverables out of this meeting," a senior US. official told reporters, saying the leaders were expected to talk for four or five hours.

"I'm not sure that any agreements will be reached," said Putin's foreign policy adviser, Yuri Ushakov. 

The first round of talks - which included Biden, Putin, US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov - lasted almost two hours, officials said.

Talks resumed after a break, with Moscow's ambassador to the United States, Anatoly Antonov, who was recalled to Russia in March, among those present.

Relations between Moscow and Washington have been deteriorating for years, notably with Russia's 2014 annexation of Crimea from Ukraine, its 2015 intervention in Syria and U.S. charges - denied by Moscow - of meddling in the 2016 election that brought Donald Trump to the White House.

They sank further in March when Biden said he thought Putin was a "killer", prompting Russia to recall ambassador Antonov to Washington for consultations. The United States recalled its ambassador in April.

The senior U.S. official said the United States was looking at "areas where working together can advance our national interests and make the world safer".

Peskov said the two presidents would "need to determine how to proceed with the heads of the diplomatic missions", according to Russian news agencies.