Putin sent thousands of troops into Ukraine in February 2022, unleashing a war that has left hundreds of thousands of soldiers dead and triggering the gravest confrontation between Russia and the West since the 1962 Cuban Missile Crisis.
The Russian leader, who has offered few concessions towards ending the conflict so far, said the talks in the Turkish city of Istanbul on Thursday will be aimed at eliminating the root causes of the war and restoring a "long-term, lasting peace" rather than simply a pause for rearmament.
"We are proposing that Kyiv resume direct negotiations without any preconditions," Putin said from the Kremlin in the early hours of Sunday.
"We offer the Kyiv authorities to resume negotiations already on Thursday, in Istanbul."
Putin said that he would speak to Turkish President Tayyip Erdogan later on Sunday about facilitating the talks, which he said could lead to a ceasefire.
"Our proposal, as they say, is on the table. The decision is now up to the Ukrainian authorities and their curators, who are guided, it seems, by their personal political ambitions, and not by the interests of their peoples."
President Volodymyr Zelenskiy's office and Ukraine's foreign ministry did not immediately respond to Reuters' request for comment.
In a message on the social network Truth Social, Trump hailed Putin's proposal as a positive.
"A potentially great day for Russia and Ukraine!" Trump said.
"Think of the hundreds of thousands of lives that will be saved as this never-ending 'bloodbath' hopefully comes to an end."
Putin's proposal for direct talks with Ukraine came hours after major European powers demanded on Saturday in Kyiv that Putin agree to an unconditional 30-day ceasefire or face "massive" new sanctions.
Putin dismissed what he said was the attempt by some European powers to lay down "ultimatums".
Russia, Putin said, had proposed several ceasefires, including a moratorium on striking energy facilities, an Easter ceasefire and most recently the 72-hour truce during the celebrations marking 80 years since victory in World War II.
Both Russia and Ukraine accused each other of violating the temporary truce proposals, including the May 8-10 ceasefire.
Despite Putin's call for peace talks, Russia on Sunday launched a drone attack on Kyiv and other parts of Ukraine, injuring one person in the region surrounding the Ukrainian capital and damaging several private homes, Ukrainian officials said.
Putin said that he does not rule out that during his proposed talks in Turkey, both sides will agree on "some new truces, a new ceasefire," but one that would be the first step towards a "sustainable" peace.
Putin, whose forces have advanced in the past year, has stood firm in his conditions for ending the war despite public and private pressure from Trump and repeated warnings from European powers.
In June 2024, he said Ukraine must officially drop its NATO ambitions and withdraw its troops from the entirety of the territory of four Ukrainian regions claimed by Russia.
Russian officials have also proposed that the US recognise Russia's control over about one-fifth of Ukraine and demanded Ukraine remain neutral, though Moscow has said it is not opposed to Kyiv's ambitions to join the European Union.
