Europe's participation in Ukraine peace talks will be needed but Moscow first wants to build trust with Washington, Russian President Vladimir Putin said on Monday, while suggesting that a deal to end the conflict may still be far off.

In an interview broadcast on Monday, President Vladimir Putin said U.S. companies stood to profit in Russia, but suggested a Ukraine peace deal was still far off.

President Donald Trump says Russian leader Vladimir Putin would accept European peacekeepers in Ukraine as part of a potential deal to end Russia’s war there. Trump spoke on the third anniversary of Russia’s invasion of Ukraine from the Oval Office.

President Trump says he's ending the 3-year Ukraine war and wants $500 billion in Kyiv's mineral wealth to go to U.S. companies.

It comes as foreign leaders join Ukrainian president Volodymyr Zelensky in Kyiv to mark the three-year anniversary of Russia’s invasion

Russian President Vladimir Putin said on Monday that Russia was not opposed to Europe's involvement in Russia-U.S. peace talks aimed at settling the conflict in Ukraine, but noted that Brussels had long rejected any dialogue with Moscow.

Russia wants a long-term peace deal over Ukraine that tackles what it regards as the root causes of the conflict and not a quick U.S.-backed ceasefire followed by a swift restart of fighting, a senior Russian diplomat told the RIA news agency.

The United States is reportedly nearing a peace agreement between Ukraine and Russia, according to Steve Witkoff, the U.S. envoy to the Middle East. He said that any potential deal would require both territorial and economic concessions from both sides.