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.

The U.S. is lobbying countries around the world to oppose a resolution brought forward at the U.N. General Assembly by Ukraine and European countries.

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.