CANBERRA, Australia – Australian Prime Minister Anthony Albanese has ruled out a so-called quartet summit in Sydney without U.S. President Joe Biden, saying the four leaders will meet in Japan this weekend for a seven-party summit. talks at the Group of Nations meeting.

Albanese said Wednesday he understands why Biden exit summit Watch debt limit talks in Washington as they are critical to the economy. The summit, which included Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida, had been scheduled for May 24.

“The blockage and disruption that’s going on in US domestic politics, and the debt ceiling issue, means that because it has to be resolved by June 1 — or there are pretty serious consequences for the U.S. economy, which will have implications for the global economy — He understandably had to make that decision,” Albanese told reporters.

Albanese said Biden “expressed great disappointment” at not being able to attend the summit in Sydney and a day earlier when he traveled to the nation’s capital, Canberra, to address parliament.

The four leaders will soon gather in Japan for the Group of Seven summit in Hiroshima and plan to meet there, he said.

“The Quad is an important institution and we want to make sure it happens at the leadership level and we’ll have that discussion over the weekend,” Albanese said.

He suggested Modi could still visit Sydney next week, noting that Modi was scheduled to address the Indian diaspora on Tuesday at a sold-out 20,000-seat stadium.

“We will make further announcements on this, but Prime Minister Modi will certainly be a very welcome guest here next week,” Albanese said.