Will Putin get his Independence Day wish?

Russian President Vladimir PutinVladimir Vladimirovich PutinVladimir Putin becomes Russia's president for life Susan Rice: Trump picks Putin over troops 'even when it comes to the blood of American service members' Russian bounties revive Trump-GOP foreign policy divide MORE reached out to President Obama in an Independence Day message Friday, expressing hope that the two countries can improve their relations.

“Mr. Putin said that he hopes that ties between the two countries, which have a rich history, will continue successful development on a pragmatic and equal basis despite the current differences and difficulties,” the Kremlin wrote in a statement.

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“The president also stressed that Russia and the United States are both countries bearing particular responsibility for ensuring international stability and security,” the statement continued, “and should therefore cooperate not just for the benefit of their own peoples but also in the entire world’s interest.”

U.S.-Russia relations have plummeted to its lowest level since the Cold War Era, fueled by growing tension of Russia's annexation of Ukraine's Crimea peninsula in March.

In reaction, the U.S. has imposed sanctions against the Russian economy and has threatened to take further action if the country doesn't deescalate the unrest.