Luring Trump to Russia

Vladimir Putin's meeting today in Alaska with Donald Trump hands the Russian president his best chance to reset relations with Washington since he ordered the 2022 full-scale invasion of Ukraine.
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Vladimir Putin will land in the US today plotting how to lure Donald Trump to Russia.

Their summit in Alaska gives the Russian president his best chance to reset relations with Washington since he ordered the 2022 full-scale invasion of Ukraine.

Putin has already scored a diplomatic win with his first visit to US soil in a decade.

He made no concessions on the war before the American president agreed to the meeting. And he succeeded in sidelining Ukraine and its European allies.

Trump has said a second summit could take place quickly, which Ukrainian President Volodymyr Zelenskiy and European leaders may join.

While Trump is pushing for a ceasefire, he has also tempered expectations for the gathering by describing it as a "feel-out" exercise. The second meeting would be the one where Russia and Ukraine "make a deal," he said.

Yet the Kremlin wants Trump to visit Russia next. Zelenskiy and his European allies would find it all but impossible to reward the aggressor by going there, particularly if Putin continued to wage war.

That gives Putin an opportunity to tempt Trump with attractive joint projects at today's talks, ranging from cooperation on a new strategic-weapons accord to major business deals.

The hook would be to continue bilateral negotiations in Russia, while standing firm on his demands for territorial concessions from Ukraine.

Trump told Zelenskiy and European leaders this week that he won't negotiate away Ukrainian territory. He has threatened "very severe consequences" if Putin doesn't accept a truce but has walked back similar threats to help keep communication channels open in the past.

The risk for Ukraine and Europe is that Putin makes a sales pitch Trump will find hard to refuse — perhaps with the proviso that it's discussed on Russian turf.

It wouldn't be the first time the Kremlin leader has extended an invitation to Trump. Could this be the year it's accepted? Anthony Halpin

WATCH: Bloomberg TV's Annmarie Hordern reports on what's at stake at the summit.

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Gold mining operations near the town of Chima. Photographer: Marcelo Perez Del Carpio/Bloomberg

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Sign up for the Washington Edition newsletter for news from the US capital and watch Balance of Power at 1 and 5 p.m. ET weekdays on Bloomberg Television.

Chart of the Day

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And Finally

Viticulture is a relatively small sector of the Russian economy, but the business forms part of a broader patriotic effort by Putin to push for self-sufficiency, as Moscow tries to both outwit Western sanctions and revive growth. Wine production has jumped by a quarter since the invasion of Ukraine, according to the International Organisation of Vine and Wine, including in Crimea, the Ukrainian peninsula Russia illegally annexed in 2014.

Workers collect grapes in the Krasnodar region, Russia. Photographer: Mikhail Mordasov/AFP/Getty Images

Pop quiz (no cheating!). In which country are four ex-presidents now in jail at the same time in a prison specifically built with former heads of state in mind? Send your answers to [email protected]

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