Russian President Vladimir Putin skipped the G8 Summit this weekend, a move widely viewed as a snub of President Obama. Some say it signals a shift in the relationship between the two super powers. Putin, who won a third term this year, sent former president and current Prime Minister Dmitry Medvedev in his place.

Dr. Gene Novikov, co-author of the forthcoming book Re-thinking the Reset Button: Can We Trust Vladimir Putin's Russia? discussed the relationship on Capital Insider.