"You know that Russia has always been a dependable and consistent friend to the Palestinian people," Putin said. "I'm very glad to have an opportunity to discuss with you those urgent problems that you are confronted with and that we could help you resolve."
Abbas thanked Russia for its political support, as well as recent financial aid.
Russia is a member of the international Quartet of Middle East mediators, and Putin has recently sought to boost Russia's role in Middle East peacemaking.
Russia has backed calls for Hamas to recognize Israel and halt violence, but has declined to support moves by the United States and European Union to internationally isolate the Hamas government.