US special envoy Steve Witkoff  told Fox News that Russian President Vladimir Putin is open to a "permanent peace" deal with Ukraine, following talks seeking to end the war.

Witkoff said he sees a peace deal "emerging," and that two key Putin advisers—Yuri Ushakov and Kirill Dmitriev—were in the "compelling meeting."

“Putin's request is to get to have a permanent peace here. So beyond the ceasefire, we got an answer to that,” Witkoff said, acknowledging that "it took a while for us to get to this place."

"I think we might be on the verge of something that would be very, very important for the world at large," he said.

The US special envoy added that business deals between Russia and the United States were also part of the negotiations.

"I believe there's a possibility to reshape the Russian-United States relationship through some very compelling commercial opportunities, that I think give real stability to the region too," he said.

Witkoff met with Putin in Saint Petersburg, Russia last Friday. This is their third meeting since Donald Trump returned to the White House.