When U.S. President Donald Trump and Russian President Vladimir Putin meet in Alaska on Friday, it will be the latest chapter in the 49th state’s long history with Russia — and with international tensions.

The Trump-Putin summit will take place in a former Russian colony that the United States bought for $7.2 million in 1867. Here’s how the deal came together and why its legacy matters.

President Trump and Russian President Vladimir Putin are scheduled to meet Friday at Joint Base Elmendorf-Richardson in Anchorage, Alaska, to discuss the conflict between Russia and Ukraine.

Russia's decision to sell Alaska was influenced by its financial struggles following the Crimean War and the desire to strengthen ties with the United States, a fellow rival of Great Britain. Selling Alaska provided Russia with much-needed cash and ensured that Britain would not gain control of the territory.

Promising severe consequences if Russian President Vladimir Putin didn’t agree to a ceasefire with Ukraine and then apparently reversing himself is what sends a signal of weakness, not only to Putin,

Russian Foreign Minister Sergei Lavrov held calls on Saturday with his Turkish and Hungarian counterparts, the Russian foreign ministry said, hours after a summit between the U.S. and Russian presidents yielded no deal on ending the war in Ukraine.

The meeting between President Trump and Kremlin leader Vladimir Putin is taking place in a region rich with significance for Moscow. Once Russian territory, Alaska was sold by Alexander II in 1867 for $7.

The Modi government will hope that Washington and Moscow will arrive at a final agreement on how to deal with Ukraine and Trump will discard the 25 per cent additional tariff. At the minimum, Delhi would want Trump to postpone the deadline of August 27 for implementing the additional tariffs against India.