LIVE: Minute-by-minute coverage of the historic summit between Trump and Putin for world peace

In a historic summit, President Donald Trump will meet with Russian President Vladimir Putin this Friday, August 15, at the Elmendorf‑Richardson military base in Anchorage, Alaska, to address the conflict in Ukraine.

Trump warned of "severe economic sanctions" if Russia doesn't show progress toward peace and considered possible security guarantees for Ukraine, although outside the NATO framework.

The meeting, private in nature and without the direct participation of Ukraine or European leaders, has sparked great mystery due to its exclusive format. Meanwhile, local residents and Ukrainian refugees have expressed a high level of hope given the high profile of the dialogue.

The President of the United States stated that he seeks to prevent a military escalation, while the Russian leader spoke of a "new stage" in bilateral relations.