Russian President Vladimir Putin is traveling to Austria on Tuesday on his first foreign trip since being sworn in for a fourth term in office last month.
"My presidential term has just started, I am only at the beginning of this journey so let's not jump ahead", Putin said when asked if he could shift into the prime minister's seat or leave politics after 2024.
Russian Federation has been hit with sanctions by the USA and the West over its 2014 annexation of Crimea, its support for separatist rebels in Ukraine's east and its alleged interference in the US 2016 presidential election.
Coupled with a drop in oil prices, the sanctions contributed to Russia's two-year recession. Putin said that "common sense must prevail in Ukraine" and expressed hoped that the Russian journalist would be released. He said that both Russian Federation and the European Union would benefit from resuming full-scale cooperation.
The president said he believes other countries wrongly regard Russian Federation as a threat and that mistaken concept could end if they see that the economic sanctions the West has put on Russian Federation do not serve their interests.
He added that "a win-win situation is better for both sides than a lose-lose situation".
The poisoning of former Russian double agent Sergei Skripal and his daughter in Britain further strained the EU-Russia ties.
Putin was expected to hold talks with government and business leaders in Vienna on Tuesday. Putin's last visit to Austria, in 2014, centered on the signing of an agreement between Austrian energy company OMV and Russia's Gazprom to build the Austrian section of the planned South Stream pipeline, a project that was later scrapped.
Russian President Vladimir Putin has expressed a desire to fix ties with the European Union, insisting he does not want to divide the 28-nation bloc.
OMV is also among European companies involved in the planned Nord Stream 2 pipeline that would double the amount of gas Russian Federation can send directly to Germany, skirting transit countries such as Ukraine - a project opposed by the US and some other EU members.
The Russian president is traveling to a European Union country for the first time since his re-election in March.
The Kremlin believes that the meeting between Putin and trump still was not organized due to the political instability in the United States and the lack of initiatives of Washington.
Putin, meanwhile, welcomed Austria's intention to provide humanitarian assistance to Syria.
"Under such circumstances, it makes little sense - viewed from a purely economic point of view - to replace Russian gas with American liquefied gas", he told reporters.