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Constructive Dialogue in Alaska: Putin Meets Trump

The US Treasury eased sanctions until Aug. 20 to support summit preparations, enabling necessary financial transactions without unblocking frozen Russian assets, officials said.

  • On Wednesday, the US Treasury Department temporarily lifted sanctions on Russia until Aug. 20 to support the upcoming Trump-Putin summit in Alaska.
  • According to OFAC, the exemption concerns transactions necessary for meetings in Alaska between the US and Russian governments, without unblocking frozen assets.
  • The summit is historic as it is the first face-to-face meeting between US President Donald Trump and Russian President Vladimir Putin since 2021, when Putin met in Geneva, Switzerland, and the first time a Russian leader sets foot on Alaskan soil since the two-nation sale.
  • At the Anchorage press conference, Trump called the talks highly productive despite no deal, and Putin described them as constructive and useful.
  • Despite the limitations, Trump highlighted significant progress during the discussions and affirmed his strong relationship with President Putin, Moscow is sincerely interested in ending hostilities.
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Russian President Vladimir Putin described his discussions with US leader Donald Trump on the Elmendorf-Richardson military base in Alaska as "constructive" and "respectful", including on the conflict in Ukraine.

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pageone.ph broke the news in on Friday, August 15, 2025.
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