The Russian president sent a fiery message after meeting French presidential election candidate Marine Le Pen.
Dmitry Peskov, Mr Putin's spokesman, told reporters on a conference call that Putin and Ms Le Pen had not discussed the possibility of Russia offering any financial help to her political party.
The Kremlin leader rejected the idea that he would interfere with the French election which will conclude on May 7.
He said: “We attach a great significance to our relations with France and we try to keep even relations with the representatives of the current authorities.
Vladimir Putin said Russia would not interfere with the French Presidential election
“We know of course the the presidential campaign is in full swing in France now.
“By no means do we want to influence the current events, but we reserve the right to talk to all the representatives from all the political forces of the country.”
Russia faced accusations that the Kremlin interfered in the US election which led to Donald Trump becoming president after beating Hillary Clinton.
The French election candidate was visiting Russia at the invitation of Leonid Slutsky, head of the lower house of parliament's foreign affairs committee.
Live pictures: Marine Le Pen meets Putin on visit to Moscow Fri, March 24, 2017 Play slideshow AFP/Getty Images 1 of 4
Russian President Vladimir Putin meets with French presidential election candidate Marine Le Pen
We reserve the right to talk to all the representatives from all the political forces of the country
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Ms Le Pen explained to Russian parliamentarians why she opposed European Union sanctions imposed on Moscow over its role in the Ukraine crisis.
Emmanuel Macron is likely to win the first round of the French elections which begin on April 23.
According to the poll for France Televisions, independent centrist Mr Macron was seen winning 26 per cent of the vote, followed by Ms Le Pen on 25 per cent.
Conservative candidate François Fillon saw his score slip to 18 per cent of the first round vote from 20 per cent as he struggles to limit the damage from a series of financial scandals.
Before Ms Le Pen’s meeting with Mr Putin, she insisted that she was in favour of developing relations with Russia and called for cooperation in the fight against terrorism.