Russian President Putin speeches during their joint press conference with U.S. Persident Donald Trump after their meeing on war in Ukraine at U.S. Air Base In Alaska on August 15, 2025, in Anchorage,

In particular, cutting off the “shadow fleet” of tankers that deliver Russia’s oil under the radar would send the war economy into a “deep financial crisis,” according to Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance.

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.

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 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.

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.

ANCHORAGE—Dozens of Russian Orthodox faithful joined in prayer ahead of Friday’s summit between President Trump and Vladimir Putin, hoping for peace between Russia and Ukraine. “Let our leaders yearn for peace when they meet,