In connection with that effort, President Dmitry Medvedev will meet with Obama in Washington on June 24 after visiting Russia and the Silicon Valley of California to meet with leaders of the technology company Cisco Systems Inc.

Cisco Systems Inc., promise to dramatically increase investment in Russia. The two heads of state will also hold meetings with business leaders, such as Boeing Co. Chief Executive Officer Jim McNerney.

Since Obama asked rearrange political relationships with Russia last year, both countries have signed an agreement reducing the threat of nuclear weapons and agreed to enhance cooperation to the problem of Afghanistan.

Russia also supported the U.S. proposal of providing sanctions for Iran. Office of the President of Russia the Kremlin and the White House said the visit is an opportunity to encourage cooperation to the realm of business.

“The development of political relations and the latest safety issues quite well. We have our chance to create a parallel development in the economic field,” said Robert Hormats, Undersecretary of State for Economics, Energy and Agriculture, on June 17.

The value of trade transactions between the U.S. owner of the world’s largest GDP, and Russia, the largest energy exporter in the world, were reached U.S. $ 18.4 billion. Russian Economy Minister Elvira Nabiullina Russian said that figure does not reflect the potential relations between the two countries.