Former NBC host Chuck Todd argued on Wednesday that Russian President Vladimir Putin made a "huge miscalculation" not giving President Donald Trump a "win" during the Alaska peace summit this week.

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.

"Every single sanction that was in place on the day he took over remain. And every – the impact of all those sanctions remain,” Secretary of State Marco Rubio said at a press meet.

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.

The Alaska summit between President Trump and his Russian counterpart, Vladimir Putin, was more than a high-stakes encounter over the Ukraine war. It signaled America’s recognition that its own missteps have helped drive Russia closer to China,

The act of meeting and the nature of the interaction were such that the summit did considerable damage to the U.S. and broader western position on 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.

US special envoy Steve Witkoff delivered a Russian medal to the grieving family of an American who was killed fighting for Russia in 2024, a senior administration official told CNN.

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.