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Russia says it wants to sign a peace treaty before resolving the Kuril Islands dispute.
Wang Yi will also attend the 53rd Munich Security Conference.
Oil prices jumped since OPEC members and non-OPEC producers agreed to significant cuts in production output.
Russia hopes the US will send representatives to attend a new round of Syria peace talks in Astana, Kazakhstan.
Japan’s Chief Cabinet Secretary Yoshihide Suga called on China to exert pressure on North Korea.
Steinmeier, who was formerly a foreign minister, is from the center-left Christian Democratic Party.
The European Union (EU) rebuked North Korea's missile launch calling the action "provocative and unacceptable".
Beijing views as a crucial partner in the Silk Road Economic Belt trade and economic partnership initiative.
Some fear that South Africa is becoming increasingly divided.
