US President Donald Trump telephoned on Tuesday Vladimir Putin to congratulate him on his re-election as Russian president for a fourth term, revealing that they may possibly hold a summit in the future. "I had a call with President Putin and congratulated him on his electoral victory," Trump said, two days after Putins re-election. Trump told reporters in the Oval Office that the meeting could happen soon and they would likely follow up on Putins recent declaration that he does not want an arms race with the United States. "I suspect that well probably be meeting in the not too distant future to discuss the arms race, to discuss the arms race, which is getting out of control, but we will never allow anybody to have anything even close to what we have," Trump said. "Also to discuss Ukraine, Syria and North Korea and various other things." No details were released about the timing or location of the possible meeting, which would be the third since Trump took office in January 2017. They met on the sidelines of an international summit in Germany last summer and again more informally at another gathering of world leaders in Vietnam in November. The two leaders also stressed the importance of joint efforts to limit an arms race and boost economic cooperation, the Kremlin said in a statement, after a Russian spy attack row with Britain plunged relations with the West into a new crisis. They spoke after Washington slapped a new round of sanctions against Moscow designed to punish Russians responsible for attempts to interfere in the 2016 presidential elections. Russia is also facing huge pressure from Britain and its allies to explain how its former double agent Sergei Skripal and his daughter were poisoned on British soil with a nerve agent the UK says is Soviet-designed. Moscow has denied being involved. The Kremlin also said Trump had congratulated Putin. "Special attention has been paid to working out the issue of holding a possible meeting at the highest level," it said in a statement. "The importance was stressed of coordinating joint efforts to limit an arms race," it said, adding that the two leaders discussed boosting economic cooperation. They also discussed the crises in Ukraine and Syria, stressing the importance of securing progress as soon as possible, the Kremlin said. Pyongyangs nuclear program was also on the agenda as Trump pushes forward with plans for a historic summit with North Korean leader Kim Jong Un. "Satisfaction has been expressed with a certain decrease in tensions around the Korean peninsula," the Kremlin said. "The leaders spoke out in favor of developing practical cooperation in various spheres including the issues of ensuring strategic stability and the fight against international terrorism," the statement added. "On the whole, the conversation was constructive and business-like," it said, adding its goal was to help the two countries "overcome the problems that had accumulated in the Russian-US relations". The two men however did not discuss the nerve agent attack, the Kremlin said. "No," Putins spokesman Dmitry Peskov told Interfax news agency when asked if the two men had touched upon the poisoning of Skripal and his daughter. On Sunday, Putin secured a landslide victory in a presidential election that saw him return to the Kremlin for a fourth term with a record vote share of 76.66 percent.