Russian President Vladimir Putin is waiting for a "signal" from his counterpart Donald Trump to kick-start talks on ending the Ukraine war.

The Kremlin insisted Friday that a settlement in Ukraine couldn’t be facilitated by a drop in global oil prices as U.S. President Donald Trump has suggested. Speaking by video from the White House to the annual World Economic Forum in Davos,

Russia is "very closely monitoring all the rhetoric" from Washington, a Kremlin spokesperson said, after President Donald Trump threatened to impose new sanctions unless Russia ends its war against Ukraine. "We don't see any new elements here," Dimitry Peskov, the spokesperson, said on Thursday.

Moscow believes it has the resources and manpower to withstand at least another year of the conflict.

Spokesperson for Russian President Vladimir Putin Dmitry Peskov said the Kremlin was watching closely all “statements and rhetoric” coming from U.S. President Donald Trump.

In contrast, the Russian Federation has been referred to as an “imitation democracy”. It has institutions that one would find in democratic systems of government (a parliament and a directly elected president). But, among other flaws, these institutions do not function within a genuinely competitive or fair electoral environment.

Russian President Vladimir Putin is ready to hold a phone call with U.S. President Donald Trump and Moscow is waiting for word from Washington that it is ready too, Kremlin spokesperson Dmitry Peskov said on Friday.

Putin and the newly inaugurated American president have both said they are ready to meet for talks on Ukraine.

Moreover, the Kremlin said it wanted to resume nuclear disarmament talks with Trump’s administration “as soon as possible.”

The Kremlin says a settlement in Ukraine can't be facilitated by a drop in global oil prices as U.S. President Donald Trump has suggested.

Speaking by video from the White House to the annual World Economic Forum in Davos, Switzerland, Mr Trump said on Thursday that the Opec+ alliance of oil exporting countries shares responsibility for the nearly three-year conflict in Ukraine because it has kept oil prices too high.