Russian President Vladimir Putin's special envoy Kirill Dmitriev has told an investment conference in Saudi Arabia that the war in Ukraine will stop within one year from now.

Dmitriev spoke after his meetings with officials from US President Donald Trump's administration in the United States last weekend.

His visit followed an announcement that a summit between Trump and Putin had been postponed.

"We are sure that we are on the road to peace and as peacemakers we need to make it happen," Dmitriev, who is also the CEO of the Russian Direct Investment Fund, told the audience in Saudi capital Riyadh.

Asked whether peace in Ukraine was possible within one year, Dmitriev said: "I believe so."

While in the US, Dmitriev said that Russia and the US were close to a "diplomatic solution" on the

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