MOSCOW (The Borowitz Report) — 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 Russia’s 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, “It’s an honor just to be in the mix.”

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Photograph by Sasha Mordovets/Getty.