Russian President Vladimir Putin stressed on Tuesday that peace will not be achieved in the Middle East without implementing the United Nations resolution to establish an independent Palestinian state and implementing international resolutions in this regard.

Putin said while accepting the credentials of ambassadors of a number of foreign countries: "Russia is convinced that the parties can only be brought back to the path of reconciliation, to achieve a sustainable and long-term settlement on an international legal basis. The basic condition for restoring peace in the region will be the implementation of the two-state formula approved by the resolutions of the Security Council and the General Assembly of the United Nations."

He expressed his country's readiness to mediate to stop the current escalation in the region.