Obama Cancels Meeting with Putin: A New Cold War?

The U.S. has not cancelled a meeting with a Russian leader since 1960.
2:25 | 08/08/13

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Transcript for Obama Cancels Meeting with Putin: A New Cold War?
We're going to turn, now, to the growing freeze between the united states and russia. up. We're learning this morning it was president obama himself who canceled his summit meeting with vladimir putin, saying it just wasn't worth it. And abc's jonathan karl is in washington with the very latest here. Jon, good morning to you. Reporter: Good morning, josh. Well, the president's decision to cancel that summit with vladimir putin comes as u.S./Russian relations are at their frostiest since the cold war. They clashed over syria. Now, the relationship is even worse. The last time a u.S. President canceled a planned meeting in russia was 1960, the height of the cold war, before even the cuban missile crisis. Putin has carefully crafted his image as a russian strongman. Showing off his physique on horseback, dominating foes in the hockey rink and on the judo mat. And just last month, some mighty big fish. Even perfected the art of the icy stare. That seems to be his preferred style in press conferences. Sitting back and not looking too excited. Reporter: In cancelling the moscow summit, the white house cited not only the decision to grant asylum to edward snowden. But also, a long list of grievances, from human rights to global security. We're not afraid to state clearly where we have disagreements. Reporter: Another cloud over the russian relationship, is the country's recently passed homophobic law, that outlaws talking about homosexuality in front of children. Or displaying a rainbow flag in public. That has some suggesting there should be a boycott of the upcoming winter olympics in sochi, russia. If russia wants to uphold the olympic spirit, every judgment should be made on the track or in the swimming pool or on the balance beam. People's sexual orientation. It is the winter olympics that are coming up in russia. But his point was clear. As chilly as relations here are with russia, nobody at the white house is suggesting that an olympic boycott should be considered. That's just not on the table. All right, jon. Thanks so much.

This transcript has been automatically generated and may not be 100% accurate.

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