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

Trump has horrified European allies with his attacks on Volodymyr Zelenskyy and what critics say is a soft take on Vladimir Putin.

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.