Russia's relations with it global counterparts have sunk to new lows as Moscow appears to have refused an olive branch from one of its biggest trading partners, Germany.

On Thursday, Germany's Foreign Minister Frank-Walter Steinmeier said that the Group of Seven leading industrialized nations should allow Russia back into the group in the longer term.

"I believe that we cannot have an interest in keeping the G-7 format a G-7 format in the long term," Steinmeier told journalists Thursday after he had met with his Ukrainian counterpart ahead of a G-7 summit on Sunday and Monday, according to Reuters.

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The G-7—which is made up of Britain, Canada, France, Germany, Italy, Japan and the United States—allowed Russia into the powerful group in 1998 to form the G-8, only to suspend it following the annexation of Crimea and conflict in Ukraine last year.

With a bigger picture in mind, however, Steinmeier said "a look at the world shows that we need Russia as a constructive partner in a number of conflicts," including the Middle East.