 Russian President Vladimir Putin made history today by scheduling the first-ever summit of the newly formed group of nations called the G-1. The summit, which Putin has set for June in Sochi, is expected to be attended by the G-1 member nation Russia. Putin pronounced himself delighted by Russias attendance, telling reporters, It is an auspicious start for the G-1 to have the participation of all its member nations. In addition to what he called a free exchange of ideas on issues of importance to the G-1, the summit is expected to elect the first president of the G-1, a position for which Putin is widely considered the frontrunner. Putin denied he was a candidate for the post, but added, Its an honor just to be in the mix. 