President Trump cancels G-20 meeting with Putin

U.S. President Donald Trump, left, and Russian President Vladimir Putin shake hands at the beginning of a meeting at the Presidential Palace in Helsinki, Finland. (AP Photo/Pablo Martinez Monsivais)

(CNBC) — President Donald Trump on Thursday cancelled his planned meeting with Russian leader Vladimir Putin at the upcoming G-20 summit in Argentina.

President Trump blamed the cancellation on the failure of Russia to return ship and sailors recently seized from Ukraine.

But the announcement of the scuttled meeting came an hour after he told reporters that he would probably meet with Putin there — and two hours after President Trump's ex-lawyer Michael Cohen pleaded guilty to lying to Congress about the president's involvement in an aborted real-estate deal in Moscow.

"I will probably be meeting with President Putin. We haven't terminated that meeting," President Trump had said outside the White House, shortly before departing for Buenos Aires, Argentina.

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