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Agencies [e-mail] MOSCOW: Russian President Vladimir Putin said on Thursday he was ready for talks at "any time" with US President-elect Donald Trump, who has touted his ability to strike a Ukraine peace deal within hours of coming to office.

Trump, who will return to the White House in January, has stoked fears in Kyiv that he could force Ukraine to accept peace on terms favourable to Moscow.

Holding his annual end-of-year press conference, the 72-year-old Kremlin leader said his troops held the upper hand across the battlefield and he only regretted not starting the offensive earlier.

But he was forced to admit he does not know when Russia will take back the western Kursk region where Ukrainian troops launched an incursion in August.

The traditional annual question and answer sessions are largely a televised show while also being a rare setting in which Putin is put on the spot with some uncomfortable questions. Putin spoke for just under four and a half hours.

Asked about Trump's overtures regarding a possible peace deal, Putin said he would welcome a meeting with the incoming Republican.

"I don't know when I'm going to see him. He isn't saying anything about it. I haven't talked to him in more than four years. I am ready for it, of course. Any time," Putin said.

"If we ever have a meeting with President-elect Trump, I am sure we'll have a lot to talk about," he said, adding that Russia was ready for "negotiations and compromises".

Kursk offensive Russia's troops have been advancing in eastern Ukraine for months, with Putin repeatedly touting their prowess on the battlefield. But asked by a woman from the Kursk region when residents will be able to return to their homes there, after thousands were evacuated from frontline areas amid the Ukrainian assault, Putin said he could not name a date.