The meeting was Putin’s first trip to the United States in a decade and his first encounter with an American leader since Moscow launched its full-scale invasion of Ukraine in 2022.
Ahead of the summit, Trump had said his aim was to achieve a ceasefire and warned Russia of severe consequences if it failed to agree.
The two leaders met for about 2-1/2 hours at a US Air Force base in Anchorage, then gave short statements without taking questions.
"There were many, many points that we agreed on," Trump told reporters.
"I would say a couple of big ones that we haven't quite got there, but we've made some headway. So there's no deal until there's a deal."
He added: "Many points were agreed to. There are just a very few that are left. Some are not that significant. One is probably the most significant, but we have a very good chance of getting there. We didn't get there, but we have a very good chance of getting there."
Putin said the talks were constructive and voiced hope that Ukraine and its allies would not obstruct progress.
He agreed with Trump that Ukraine’s security had to be ensured but reiterated Russia’s position that the root causes of the conflict must be addressed.
Trump said he would brief NATO allies and Ukrainian President Volodymyr Zelensky on the meeting.
"Now, it's really up to President Zelenskiy to get it done. And I would also say the European nations, they have to get involved a little bit. But it's up to President Zelensky... And if they'd like, I'll be at that next meeting," he told Fox News’ Sean Hannity after the summit.
The US president said that in light of the meeting he would not consider new sanctions on Russia "for two or three weeks" while preparations were under way for a direct encounter between Putin and Zelensy.
The talks took place in a restricted format with Secretary of State Mark Rubio and special envoy Steve Witkoff joining Trump, and Foreign Minister Sergei Lavrov and senior aide Yuri Ushakov accompanying Putin.
A planned extended session over lunch with defense and finance ministers was canceled.
Commentators noted that Putin received a red-carpet welcome in Anchorage. Trump greeted him on the tarmac with applause and invited him into the presidential limousine known as "the Beast."
At the post-summit briefing, Putin spoke first for more than eight minutes, while Trump unexpectedly ended his remarks after just three-and-a-half minutes.
Analysts said the summit marked a symbolic victory for Putin, who appeared to concede little while securing a return to the international stage.
Western media observed that no ceasefire was announced and that the Russian leader had given away nothing in return for the honors he received in Alaska.
(ał)
Source: Reuters, PAP