Putin said Russia and the US "have a shared responsibility to ensure international security and stability"
Vladimir Putin has said Russia is "ready to work" with Donald Trump's new administration.
Speaking during his annual address to the Russian Federal Assembly, the Russian President suggested he could work the US government "on an equal and mutually beneficial basis".
Russia's involvement in the Ukraine and Syrian crises has 'cooled' relations between Washington and Moscow in recent years, while US officials have accused Russian hackers of taking part in cyber attacks against US targets in the lead-up to this year's election.
However, Mr Trump has expressed his admiration of the Russian leader, and the pair spoke by phone soon after the President-elect's win.
Mr Putin said: "Russia is also ready to work with the new US Administration. It is important to put bilateral relations back on track and to develop them on an equal and mutually beneficial basis.
"Cooperation between Russia and the United States in addressing global and regional issues will benefit the whole world. We have a shared responsibility to ensure international security and stability, to strengthen non-proliferation regimes."
However, he also said he want to emphasise that "attempts to break the strategic parity are extremely dangerous and can lead to a global catastrophe. We must not forget about it even for a second."
"I certainly count on joining efforts with the United States in the fight against real rather than fictional threats, international terrorism being one of them," Mr Putin explained. "That is the task our servicemen are fulfilling in Syria. Terrorists have suffered significant losses."
During his speech Mr Putin also referenced recent votes for 'political and economic independence' in the EU.
"Russia attaches great importance to the idea of building a multi-level integration model for Eurasia in the form of a Greater Eurasian Partnership," he argued. "We are already discussing this idea on various international and regional levels.
"I am confident that we can have conversation with the European Union countries, where the demand for political and economic independence is currently on the rise. This is what we see judging by election results."