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WATCH: Putin holds news conference after meeting with Biden

Russian President Vladimir Putin on Wednesday said that he and his U.S. counterpart Joe Biden agreed in principle to begin consultations on cybersecurity issues.

Watch Putin’s remarks in the video player above.

However, Putin denied U.S. allegations that the Russian government was responsible for a spate of recent high-profile hacks against business and government agencies in the United States and around the globe.

After a summit meeting with Biden in Geneva, he said “the majority of cyberattacks in the world are performed from the U.S. cyberspace, the second one is Canada, then two Latin American states, and then the UK.”

However, the most damaging cyberattacks on record have been attributed by the United States and the European Union to Russia’s GRU military intelligence agency, including the NotPetya virus that did more than $10 billion in economic damage in 2017.

The Biden White House is looking to move toward a more predictable relationship and to attempt to rein in Russia’s disruptive behavior. A key goal for Putin is negotiating a tense status quo that would protect Moscow’s vital interests.