MOSCOW - Interaction between Russia and China is the most important factor in stabilizing international relations, Russian President Vladimir Putin said Saturday.

Speaking at a press conference, Putin described cooperation between states like China and Russia as "undoubtedly a factor of deterrence and stability" in global affairs.

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He noted that China is Russia's largest trade and economic partner, adding that bilateral trade diversification continues through high-tech industries, which is very important.

Putin also said that Russia and China have reached a high level of agreement to "take a serious step forward" in oil and gas cooperation.

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On the Ukraine crisis, Putin said he is ready to meet with Ukrainian President Volodymyr Zelensky not only in Moscow but also in a third country, but only for signing an agreement on a final peace treaty.

"It is possible to meet in a third country, but only if final agreements are reached on a peace treaty, which should be designed for a long-term historical perspective, in order to participate in this event or sign something, but this should be the final point, and not the negotiations themselves," the Russian leader added.