So Apec's trade liberalisation agenda rumbles along - outside Apec rather than within it.
The rivalry between the United States and China is starting to play out in competing free-trade platforms - with Russia mooting a third "Eurasian" variant.
Whether that was to give Putin something on his home patch or signals his willingness to push forward and make progress on a free-trade agreement with New Zealand is an open question.
Putin told Key he would work through the final details. But - as Key said - there were no guarantees from the Russian leader.
They are scheduled to talk again at the East Asia summit in Cambodia in late November. So Vladivostok might have seen progress. Or not.
TIMELINE OF A MEETING
Saturday, 5pm. Journalists gather at a security checkpoint in the media centre. There are still two hours until the 7pm meeting.
6pm. Putin is still in the conference - and shows no sign of leaving.
6.30pm. The volume of phone traffic between the NZ delegation and Putin's staff is rising. Key is scheduled to get 30 minutes with Putin. At the forefront of everybody's minds is that Putin has to be elsewhere at 8pm for dinner.
7pm. Putin looks to be leaving. Journalists are marshalled into another holding room.
7.40pm. Another hike to the actual meeting room. It has been nearly three hours since media first gathered to cover the meeting.
7.45pm. Finally an announcement - the dinner will begin an hour late.
8.05pm. The media are ushered into the room. Putin arrives with his Foreign Minister, Sergey Lavrov. Putin emits a large sigh and looks tired. Key enters. Putin strides across the carpet to shake hands. He has a smile to charm his worst enemy. There's an apology for being late and then it's down to business.