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.

In the early hours of Saturday morning following a summit in Alaska between the leaders of Russia and the United States, senior politicians in Moscow were quick to trumpet the meeting as a win for Russia and its narrative of the war in Ukraine.

Democrat Senator said Alaska summit was ‘great day’ for Russia: Putin was ‘absolved of his crimes in front of the world’ - Putin came to America for a ‘photo opp’ and legitimization, and received both from Trump,

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.

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.

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.

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.